https://www.taxtmi.com/caselaws?id=22647 Estate duty payable in respect of a deceased's estate is not an allowable deduction when computing the principal value of that estate. The Bombay HC applied its earlier ruling on the same issue and rejected the contrary argument, holding that the duty does not reduce the estate's principal value for computation purposes. The question was therefore answered against the taxpayer and in favour of the Revenue. en-us Tue, 17 Jul 1990 00:00:00 +0530 Sat, 12 Dec 2009 10:40:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22647 Estate duty payable in respect of a deceased's estate is not an allowable deduction when computing the principal value of that estate. The Bombay HC applied its earlier ruling on the same issue and rejected the contrary argument, holding that the duty does not reduce the estate's principal value for computation purposes. The question was therefore answered against the taxpayer and in favour of the Revenue. Case-Laws Income Tax Tue, 17 Jul 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22647