https://www.taxtmi.com/caselaws?id=23137 Estate duty liability arising only after death is not a debt or encumbrance incurred or created by the deceased and cannot be deducted when computing the principal value of the estate. A pure legal ground requiring no further factual inquiry may be admitted before the Tribunal even if not raised earlier. For the statutory reduction linked to tax paid on capital gains from property sold to meet estate duty, the accountable person may use a reasonable computation method comparing tax on total income with and without those gains where no exclusive formula is prescribed; Income-tax Officer certification supports that calculation. en-us Thu, 05 Jul 1990 00:00:00 +0530 Thu, 01 Jun 2017 15:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23137 Estate duty liability arising only after death is not a debt or encumbrance incurred or created by the deceased and cannot be deducted when computing the principal value of the estate. A pure legal ground requiring no further factual inquiry may be admitted before the Tribunal even if not raised earlier. For the statutory reduction linked to tax paid on capital gains from property sold to meet estate duty, the accountable person may use a reasonable computation method comparing tax on total income with and without those gains where no exclusive formula is prescribed; Income-tax Officer certification supports that calculation. Case-Laws Income Tax Thu, 05 Jul 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23137