https://www.taxtmi.com/caselaws?id=273146 A deceased partner's undivided interest in partnership assets, including goodwill, vests in the legal personal representative on death and is assessable as part of the estate under the provision taxing property actually comprised in the estate. The goodwill is not severable from the partnership assets for estate duty purposes, so it cannot also be taxed under the deeming provision for property not otherwise assessable as estate property. The objection was read broadly enough to support that characterisation, and the valuation agreement did not defeat the challenge because the dispute turned on the legal status of the goodwill. The matter was therefore to be reconsidered on the basis that the partnership interest formed part of the estate. en-us Tue, 19 Jan 1954 00:00:00 +0530 Fri, 08 Jun 2018 15:07:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273146 A deceased partner's undivided interest in partnership assets, including goodwill, vests in the legal personal representative on death and is assessable as part of the estate under the provision taxing property actually comprised in the estate. The goodwill is not severable from the partnership assets for estate duty purposes, so it cannot also be taxed under the deeming provision for property not otherwise assessable as estate property. The objection was read broadly enough to support that characterisation, and the valuation agreement did not defeat the challenge because the dispute turned on the legal status of the goodwill. The matter was therefore to be reconsidered on the basis that the partnership interest formed part of the estate. Case-Laws Income Tax Tue, 19 Jan 1954 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273146