https://www.taxtmi.com/caselaws?id=16651 Under estate duty law, the residential-house exemption in section 33(1)(n) applies only to the deceased's own interest in Hindu joint family property. The exemption cannot be extended to exclude the shares of lineal descendants from aggregation under section 34(1)(c) for rate purposes. The deeming fiction in section 39(3) is limited to valuing the principal value of the joint family property and does not enlarge the exemption. The value of the lineal descendants' interest in the residential house therefore remains includible in the estate duty rate computation. en-us Mon, 15 Sep 1997 00:00:00 +0530 Wed, 09 Sep 2009 12:03:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16651 Under estate duty law, the residential-house exemption in section 33(1)(n) applies only to the deceased's own interest in Hindu joint family property. The exemption cannot be extended to exclude the shares of lineal descendants from aggregation under section 34(1)(c) for rate purposes. The deeming fiction in section 39(3) is limited to valuing the principal value of the joint family property and does not enlarge the exemption. The value of the lineal descendants' interest in the residential house therefore remains includible in the estate duty rate computation. Case-Laws Income Tax Mon, 15 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16651