https://www.taxtmi.com/caselaws?id=24630 Section 46 of the Estate Duty Act, 1953 applies only where the consideration for a debt has a demonstrable nexus with property derived from the deceased. On the facts, the grandsons' advances were found to come from their own substantial properties, so the required connection with gifted lands was absent and abatement under section 46(1) was not attracted. Repayments to the granddaughters within two years of death could not be treated as deemed property under section 46(2) because the record did not establish when the loans were advanced or that the earlier gifts formed the consideration for those loans. The disputed debts and repayments therefore remained outside the estate additions. en-us Wed, 13 Apr 1988 00:00:00 +0530 Thu, 21 Jan 2010 13:19:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24630 Section 46 of the Estate Duty Act, 1953 applies only where the consideration for a debt has a demonstrable nexus with property derived from the deceased. On the facts, the grandsons' advances were found to come from their own substantial properties, so the required connection with gifted lands was absent and abatement under section 46(1) was not attracted. Repayments to the granddaughters within two years of death could not be treated as deemed property under section 46(2) because the record did not establish when the loans were advanced or that the earlier gifts formed the consideration for those loans. The disputed debts and repayments therefore remained outside the estate additions. Case-Laws Income Tax Wed, 13 Apr 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24630