https://www.taxtmi.com/caselaws?id=18086 Accident insurance proceeds payable only on death by accident under a double benefit life policy do not constitute property passing on death and are not includible in the principal value of the estate under the Estate Duty Act, 1953. The deceased had no transferable or ascertainable interest in the accident cover before the contingency occurred, and the fact that it formed part of a double benefit arrangement did not change its character. The accident component was therefore outside estate duty, and the amount was held not liable to be included in the deceased's estate. en-us Thu, 19 Sep 1996 00:00:00 +0530 Sat, 26 Sep 2009 16:28:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18086 Accident insurance proceeds payable only on death by accident under a double benefit life policy do not constitute property passing on death and are not includible in the principal value of the estate under the Estate Duty Act, 1953. The deceased had no transferable or ascertainable interest in the accident cover before the contingency occurred, and the fact that it formed part of a double benefit arrangement did not change its character. The accident component was therefore outside estate duty, and the amount was held not liable to be included in the deceased's estate. Case-Laws Income Tax Thu, 19 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18086