https://www.taxtmi.com/caselaws?id=15156 Estate duty payable on a deceased's estate is not deductible in computing the principal value of the estate. The statutory scheme distinguishes the estate duty charge from deductions allowed for valuation: Section 74(1) was treated as creating a first charge only on immovable property and only after debts and incumbrances admissible under Part VI, while Section 44 was confined to debts of the deceased and incumbrances created by the deceased. A post-death statutory liability to estate duty was held not to be an encumbrance deductible for valuation, so the referred question was answered in favour of the Revenue and against the accountable person. en-us Wed, 26 Apr 2000 00:00:00 +0530 Mon, 03 Aug 2009 13:37:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15156 Estate duty payable on a deceased's estate is not deductible in computing the principal value of the estate. The statutory scheme distinguishes the estate duty charge from deductions allowed for valuation: Section 74(1) was treated as creating a first charge only on immovable property and only after debts and incumbrances admissible under Part VI, while Section 44 was confined to debts of the deceased and incumbrances created by the deceased. A post-death statutory liability to estate duty was held not to be an encumbrance deductible for valuation, so the referred question was answered in favour of the Revenue and against the accountable person. Case-Laws Income Tax Wed, 26 Apr 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15156