https://www.taxtmi.com/caselaws?id=12486 Section 46(1)(b) of the Estate Duty Act applied only where a proved nexus showed that the creditor's loan was made from resources including the earlier gift or receipt; mere lapse of time between the gift and the later advance was insufficient, and on the facts no such connection was established, so the provision was not attracted. On deduction of estate duty in computing the dutiable estate, the governing Supreme Court ruling settled that estate duty payable was not deductible, so the deduction was disallowed. en-us Wed, 26 Sep 2001 00:00:00 +0530 Tue, 02 Mar 2010 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12486 Section 46(1)(b) of the Estate Duty Act applied only where a proved nexus showed that the creditor's loan was made from resources including the earlier gift or receipt; mere lapse of time between the gift and the later advance was insufficient, and on the facts no such connection was established, so the provision was not attracted. On deduction of estate duty in computing the dutiable estate, the governing Supreme Court ruling settled that estate duty payable was not deductible, so the deduction was disallowed. Case-Laws Income Tax Wed, 26 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12486