https://www.taxtmi.com/caselaws?id=277791 Estate duty paid to discharge a statutory first charge on inherited immovable property is neither part of the cost of acquisition nor cost of improvement for capital gains computation. Although the duty attaches to property passing on death, its payment does not transfer a fresh interest, perfect title, or add to or alter an asset already owned absolutely by the assessee. Removing an encumbrance or burden on property is therefore distinct from an improvement to the capital asset. Proportionate estate duty is not deductible in computing capital gains under the Income-tax Act. en-us Tue, 23 Dec 1980 00:00:00 +0530 Mon, 24 Dec 2018 17:14:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277791 Estate duty paid to discharge a statutory first charge on inherited immovable property is neither part of the cost of acquisition nor cost of improvement for capital gains computation. Although the duty attaches to property passing on death, its payment does not transfer a fresh interest, perfect title, or add to or alter an asset already owned absolutely by the assessee. Removing an encumbrance or burden on property is therefore distinct from an improvement to the capital asset. Proportionate estate duty is not deductible in computing capital gains under the Income-tax Act. Case-Laws Income Tax Tue, 23 Dec 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277791