https://www.taxtmi.com/caselaws?id=19448 For a residential house held by a Hindu undivided family, the exemption under section 33(1)(n) of the Estate Duty Act, 1953 applies only to the deceased's share and not to the entire property. The statutory scheme treats section 39(3) as a valuation provision for joint family property, while section 34 requires aggregation of lineal descendants' shares for rate purposes without enlarging the residential-house exemption. The deceased's interest is valued first, and the exemption follows that passing interest alone. en-us Tue, 12 Jul 1994 00:00:00 +0530 Fri, 06 Nov 2009 12:21:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19448 For a residential house held by a Hindu undivided family, the exemption under section 33(1)(n) of the Estate Duty Act, 1953 applies only to the deceased's share and not to the entire property. The statutory scheme treats section 39(3) as a valuation provision for joint family property, while section 34 requires aggregation of lineal descendants' shares for rate purposes without enlarging the residential-house exemption. The deceased's interest is valued first, and the exemption follows that passing interest alone. Case-Laws Income Tax Tue, 12 Jul 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19448