https://www.taxtmi.com/caselaws?id=25345 Under section 10 of the Estate Duty Act, 1953, gifts to the deceased's wife and minor son were treated as outside the estate on the facts found, as binding Supreme Court authority held the statutory conditions for deemed passing on death were not satisfied. The deceased's share in the firm's goodwill was also determined by earlier binding precedent, which fixed the extent of that interest and rejected the Tribunal's view that it was 1/2. On both referred questions, the accountable person prevailed and the revenue's stand failed. en-us Thu, 16 Apr 1987 00:00:00 +0530 Thu, 28 Jan 2010 10:49:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25345 Under section 10 of the Estate Duty Act, 1953, gifts to the deceased's wife and minor son were treated as outside the estate on the facts found, as binding Supreme Court authority held the statutory conditions for deemed passing on death were not satisfied. The deceased's share in the firm's goodwill was also determined by earlier binding precedent, which fixed the extent of that interest and rejected the Tribunal's view that it was 1/2. On both referred questions, the accountable person prevailed and the revenue's stand failed. Case-Laws Income Tax Thu, 16 Apr 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25345