https://www.taxtmi.com/caselaws?id=23206 Section 9 of the Estate Duty Act, 1953 applies only where a transfer is made within two years of death and is also not bona fide. On the stated facts, the transfer reducing the deceased's interest in partnership goodwill had been found bona fide, so section 9 could not be invoked. As a result, only the deceased's actual subsisting 25% share in the goodwill and the development rebate reserve was includible in the principal value of the estate. en-us Thu, 07 Jun 1990 00:00:00 +0530 Thu, 17 Dec 2009 14:14:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23206 Section 9 of the Estate Duty Act, 1953 applies only where a transfer is made within two years of death and is also not bona fide. On the stated facts, the transfer reducing the deceased's interest in partnership goodwill had been found bona fide, so section 9 could not be invoked. As a result, only the deceased's actual subsisting 25% share in the goodwill and the development rebate reserve was includible in the principal value of the estate. Case-Laws Income Tax Thu, 07 Jun 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23206