https://www.taxtmi.com/caselaws?id=23179 Entitlement to a refund under section 50B of the Estate Duty Act depends on contingent matters, including the property transfer, capital gains, income-tax payment and payment of estate duty from transfer proceeds; the refund ordinarily crystallises when the refund order is made. Here, the record did not show when the property was sold, what capital gains arose, when tax was paid, or when the refund application was filed, so the date of entitlement could not be fixed. As a result, it could not be determined whether the refund was an asset includible in total wealth on the relevant valuation dates, and the reference was returned unanswered for lack of material. en-us Thu, 07 Jun 1990 00:00:00 +0530 Thu, 17 Dec 2009 12:36:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23179 Entitlement to a refund under section 50B of the Estate Duty Act depends on contingent matters, including the property transfer, capital gains, income-tax payment and payment of estate duty from transfer proceeds; the refund ordinarily crystallises when the refund order is made. Here, the record did not show when the property was sold, what capital gains arose, when tax was paid, or when the refund application was filed, so the date of entitlement could not be fixed. As a result, it could not be determined whether the refund was an asset includible in total wealth on the relevant valuation dates, and the reference was returned unanswered for lack of material. Case-Laws Wealth-tax Thu, 07 Jun 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23179