https://www.taxtmi.com/caselaws?id=15284 For capital gains arising from property sales, tax paid in respect of capital gains is computed as the difference between tax on total income including the gains and tax on total income excluding them, rather than by applying an average tax rate. Estate duty payable denotes the assessed gross liability and is not reduced by part-payments. Repayment from sale proceeds of borrowings raised to discharge estate duty may be treated as payment towards estate duty. The issues were resolved partly in favour of the assessee and partly in favour of the Revenue. en-us Tue, 10 Nov 1998 00:00:00 +0530 Tue, 04 Aug 2009 13:51:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15284 For capital gains arising from property sales, tax paid in respect of capital gains is computed as the difference between tax on total income including the gains and tax on total income excluding them, rather than by applying an average tax rate. Estate duty payable denotes the assessed gross liability and is not reduced by part-payments. Repayment from sale proceeds of borrowings raised to discharge estate duty may be treated as payment towards estate duty. The issues were resolved partly in favour of the assessee and partly in favour of the Revenue. Case-Laws Income Tax Tue, 10 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15284