https://www.taxtmi.com/caselaws?id=14296 Movable property, including insurance policy proceeds, situated outside India at the time of death is excluded from estate duty under section 21(1)(b) where the deceased was not domiciled in India. Rule 8 treats monies payable under a policy of assurance or insurance as situated at the place where they are payable, or, if no place of payment is specified, at the insurer's head office. On the stated facts, the deceased was domiciled in the United States and the policy proceeds were taxed there, so the insurance amount could not be brought into the principal value of the estate in India. en-us Fri, 20 Oct 2000 00:00:00 +0530 Wed, 15 Jul 2009 11:02:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14296 Movable property, including insurance policy proceeds, situated outside India at the time of death is excluded from estate duty under section 21(1)(b) where the deceased was not domiciled in India. Rule 8 treats monies payable under a policy of assurance or insurance as situated at the place where they are payable, or, if no place of payment is specified, at the insurer's head office. On the stated facts, the deceased was domiciled in the United States and the policy proceeds were taxed there, so the insurance amount could not be brought into the principal value of the estate in India. Case-Laws Income Tax Fri, 20 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14296