https://www.taxtmi.com/caselaws?id=20046 The court held that the half share of the residuary estate of the deceased should be included in the taxable wealth of the assessee as a residuary legatee. The court emphasized the liability of executors under section 19A of the Wealth-tax Act, stating that wealth-tax remains applicable until the estate is fully distributed. It was determined that the estate administration was not complete until assets were distributed to legatees. The judgment clarified the taxation obligations of executors and the inclusion of assets in the taxable wealth until distribution to beneficiaries. en-us Tue, 24 Aug 1993 00:00:00 +0530 Wed, 11 Nov 2009 13:03:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20046 The court held that the half share of the residuary estate of the deceased should be included in the taxable wealth of the assessee as a residuary legatee. The court emphasized the liability of executors under section 19A of the Wealth-tax Act, stating that wealth-tax remains applicable until the estate is fully distributed. It was determined that the estate administration was not complete until assets were distributed to legatees. The judgment clarified the taxation obligations of executors and the inclusion of assets in the taxable wealth until distribution to beneficiaries. Case-Laws Wealth-tax Tue, 24 Aug 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20046