https://www.taxtmi.com/caselaws?id=275851 For estate duty valuation, a liability is deductible only if it is a real and enforceable burden at the date of death; if the assessment creating the demand is later annulled and the demand does not survive, the basis for disallowance falls away. On the facts, the later restoration of the Income-tax Officer's order revived the deceased's income-tax and penalty liabilities, so they were not false or non-existent liabilities for estate duty purposes. The deduction had therefore to be allowed in computing the principal value of the estate. en-us Mon, 17 Feb 1964 00:00:00 +0530 Sat, 20 Oct 2018 11:22:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275851 For estate duty valuation, a liability is deductible only if it is a real and enforceable burden at the date of death; if the assessment creating the demand is later annulled and the demand does not survive, the basis for disallowance falls away. On the facts, the later restoration of the Income-tax Officer's order revived the deceased's income-tax and penalty liabilities, so they were not false or non-existent liabilities for estate duty purposes. The deduction had therefore to be allowed in computing the principal value of the estate. Case-Laws Income Tax Mon, 17 Feb 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275851