https://www.taxtmi.com/caselaws?id=10120 Property previously found to be ancestral and part of a Hindu undivided family cannot be recharacterised as the deceased's individual estate for estate duty assessment, so only the deceased's fractional share is taxable. Cash in hand and bank balances were treated as the deceased's personal assets because they were not satisfactorily linked to the family estate, and were therefore assessable to estate duty. Insurance policy proceeds payable on death were excluded, as they passed directly to the beneficiaries and did not form part of the deceased's estate at succession. en-us Wed, 09 Jul 2003 00:00:00 +0530 Tue, 07 Jul 2009 16:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10120 Property previously found to be ancestral and part of a Hindu undivided family cannot be recharacterised as the deceased's individual estate for estate duty assessment, so only the deceased's fractional share is taxable. Cash in hand and bank balances were treated as the deceased's personal assets because they were not satisfactorily linked to the family estate, and were therefore assessable to estate duty. Insurance policy proceeds payable on death were excluded, as they passed directly to the beneficiaries and did not form part of the deceased's estate at succession. Case-Laws Income Tax Wed, 09 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10120