https://www.taxtmi.com/caselaws?id=21244 For estate duty valuation, the interests of lineal descendants in joint family or HUF property are aggregated for rate purposes, and the whole HUF property is relevant in computing those interests. Estate duty payable on property passing on death is not deductible as a prior charge when determining the principal value of the estate. Outstanding professional fees are treated as an accrued right and therefore as property of the deceased capable of inclusion in the estate, regardless of accounting method. The discussion concludes that all three points are resolved against the assessee under the Estate Duty Act. en-us Mon, 14 Sep 1992 00:00:00 +0530 Sat, 21 Nov 2009 10:36:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21244 For estate duty valuation, the interests of lineal descendants in joint family or HUF property are aggregated for rate purposes, and the whole HUF property is relevant in computing those interests. Estate duty payable on property passing on death is not deductible as a prior charge when determining the principal value of the estate. Outstanding professional fees are treated as an accrued right and therefore as property of the deceased capable of inclusion in the estate, regardless of accounting method. The discussion concludes that all three points are resolved against the assessee under the Estate Duty Act. Case-Laws Income Tax Mon, 14 Sep 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21244