https://www.taxtmi.com/caselaws?id=23228 For estate duty purposes, the corpus of the Sir Jamsetjee Jejeebhoy Baronetcy Fund was held not to pass on the death of the sixth baronet under sections 5, 7 or 12 of the Estate Duty Act, 1953, because the fund was not settled by the deceased, remained vested in trustees under an Act of Parliament, and the death did not cause any real benefit to accrue to the estate. Only the actuarial value of the beneficial interests, including the wife's interest, was treated as passing under section 5. The baronetcy was also treated as an office within section 7(4), so section 7(1) was excluded. The unanswered reference questions were not competent to be entertained. en-us Wed, 13 Jun 1990 00:00:00 +0530 Thu, 17 Dec 2009 16:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23228 For estate duty purposes, the corpus of the Sir Jamsetjee Jejeebhoy Baronetcy Fund was held not to pass on the death of the sixth baronet under sections 5, 7 or 12 of the Estate Duty Act, 1953, because the fund was not settled by the deceased, remained vested in trustees under an Act of Parliament, and the death did not cause any real benefit to accrue to the estate. Only the actuarial value of the beneficial interests, including the wife's interest, was treated as passing under section 5. The baronetcy was also treated as an office within section 7(4), so section 7(1) was excluded. The unanswered reference questions were not competent to be entertained. Case-Laws Income Tax Wed, 13 Jun 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23228