https://www.taxtmi.com/caselaws?id=20210 A deceased partner's accrued share of profits up to the date of death was treated as part of the estate because the partnership deed required valuation of the deceased partner's interest as on death, and the profit already earned belonged to him. The partner's share in the firm's goodwill was also held to pass on death, since goodwill is an asset of the deceased partner that devolves on the legal heirs and must be included in the estate duty valuation. The reference was answered in favour of the Revenue. en-us Wed, 09 Mar 1994 00:00:00 +0530 Thu, 12 Nov 2009 14:04:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20210 A deceased partner's accrued share of profits up to the date of death was treated as part of the estate because the partnership deed required valuation of the deceased partner's interest as on death, and the profit already earned belonged to him. The partner's share in the firm's goodwill was also held to pass on death, since goodwill is an asset of the deceased partner that devolves on the legal heirs and must be included in the estate duty valuation. The reference was answered in favour of the Revenue. Case-Laws Income Tax Wed, 09 Mar 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20210