https://www.taxtmi.com/caselaws?id=15284 The article examines section 50B of the Estate Duty Act, 1953, on three related points. For tax paid in respect of capital gains, the proper computation is the actual additional tax burden attributable to those gains, measured by the difference between tax on total income including capital gains and tax on income excluding them, rather than by an average rate. Estate duty payable refers to the assessed gross liability under the Act, not the balance after part-payment. Repayment of borrowings taken to discharge estate duty, when repaid from sale proceeds of the capital asset, may also be treated as payment towards estate duty within the statutory scheme. 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 The article examines section 50B of the Estate Duty Act, 1953, on three related points. For tax paid in respect of capital gains, the proper computation is the actual additional tax burden attributable to those gains, measured by the difference between tax on total income including capital gains and tax on income excluding them, rather than by an average rate. Estate duty payable refers to the assessed gross liability under the Act, not the balance after part-payment. Repayment of borrowings taken to discharge estate duty, when repaid from sale proceeds of the capital asset, may also be treated as payment towards estate duty within the statutory scheme. Case-Laws Income Tax Tue, 10 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15284