https://www.taxtmi.com/caselaws?id=19520 The remainderman's interest was valued on a discounted actuarial basis by treating the right to receive the corpus at a future uncertain date as its present worth, with the mother's life interest taken into account. In the absence of specific valuation rules, the appellate authority and the Tribunal applied an actuarial method that discounted the future receipt to present value. That approach was held to be correct because the value of a remainderman's interest must be computed on present value rather than the full future value of the property, and no referable question of law arose. en-us Tue, 18 Aug 1992 00:00:00 +0530 Fri, 06 Nov 2009 16:49:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19520 The remainderman's interest was valued on a discounted actuarial basis by treating the right to receive the corpus at a future uncertain date as its present worth, with the mother's life interest taken into account. In the absence of specific valuation rules, the appellate authority and the Tribunal applied an actuarial method that discounted the future receipt to present value. That approach was held to be correct because the value of a remainderman's interest must be computed on present value rather than the full future value of the property, and no referable question of law arose. Case-Laws Wealth-tax Tue, 18 Aug 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19520