https://www.taxtmi.com/caselaws?id=20614 A right to receive enhanced compensation for acquired land was treated as a property right passing on death, even though its amount was then unascertained; the valuation could not be nil, and a further deduction for litigation risk was permissible. Estate duty payable on the estate was not deductible in computing the principal value because it arose only on death and was not a lifetime debt or encumbrance. The share of lineal descendants in ancestral Mitakshara property was includible for aggregation under section 34(1)(c) of the Estate Duty Act, with the statutory mandate applied as enacted. One question on monthly tenancy interest was remitted for fresh decision. en-us Wed, 04 Dec 1991 00:00:00 +0530 Mon, 16 Nov 2009 11:25:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20614 A right to receive enhanced compensation for acquired land was treated as a property right passing on death, even though its amount was then unascertained; the valuation could not be nil, and a further deduction for litigation risk was permissible. Estate duty payable on the estate was not deductible in computing the principal value because it arose only on death and was not a lifetime debt or encumbrance. The share of lineal descendants in ancestral Mitakshara property was includible for aggregation under section 34(1)(c) of the Estate Duty Act, with the statutory mandate applied as enacted. One question on monthly tenancy interest was remitted for fresh decision. Case-Laws Income Tax Wed, 04 Dec 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20614