https://www.taxtmi.com/caselaws?id=22909 While valuing a deceased partner's interest in a partnership firm for estate duty under section 36 of the Estate Duty Act, 1953, the firm's assets could not be selectively revalued by ignoring the figures shown in the balance-sheet. The Court applied the balance-sheet values as the proper basis for computing the deceased's share and rejected any isolated revaluation of particular assets for that purpose. The valuation question was answered in the negative, in favour of the assessee. en-us Fri, 10 Aug 1990 00:00:00 +0530 Tue, 15 Dec 2009 12:45:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22909 While valuing a deceased partner's interest in a partnership firm for estate duty under section 36 of the Estate Duty Act, 1953, the firm's assets could not be selectively revalued by ignoring the figures shown in the balance-sheet. The Court applied the balance-sheet values as the proper basis for computing the deceased's share and rejected any isolated revaluation of particular assets for that purpose. The valuation question was answered in the negative, in favour of the assessee. Case-Laws Income Tax Fri, 10 Aug 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22909