https://www.taxtmi.com/caselaws?id=24208 Quick succession relief under the Estate Duty Act was interpreted broadly by reading "same property" with the statutory definition of property, which covers proceeds of sale, money or investments representing those proceeds, and property converted from one form into another. The Court held that relief is not limited to the identical physical asset remaining unchanged at the second death. Where sale proceeds can be clearly traced to property earlier subjected to estate duty, the concession cannot be denied merely because the property has changed form. Relief was therefore admissible on the sale proceeds and related investments, and the accountable person was entitled to full relief. en-us Mon, 23 Jan 1989 00:00:00 +0530 Mon, 18 Jan 2010 15:33:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24208 Quick succession relief under the Estate Duty Act was interpreted broadly by reading "same property" with the statutory definition of property, which covers proceeds of sale, money or investments representing those proceeds, and property converted from one form into another. The Court held that relief is not limited to the identical physical asset remaining unchanged at the second death. Where sale proceeds can be clearly traced to property earlier subjected to estate duty, the concession cannot be denied merely because the property has changed form. Relief was therefore admissible on the sale proceeds and related investments, and the accountable person was entitled to full relief. Case-Laws Income Tax Mon, 23 Jan 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24208