https://www.taxtmi.com/caselaws?id=28679 Amounts traceable to property gifted by the deceased, including rents, income and converted proceeds, were treated as property derived from the deceased and therefore disallowable under section 46(1)(a) of the Estate Duty Act. The court applied a broad construction of "property derived from the deceased" by reading it with the statutory definition, and treated the deposits in the sons' and daughters' names as within that provision despite changes in form. It further held that repayment or discharge of such disallowable debts within the statutory period attracted section 46(2) as a deeming provision, so the sums repaid or discharged were includible for estate duty purposes. en-us Tue, 02 Sep 1975 00:00:00 +0530 Wed, 24 Feb 2010 17:18:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28679 Amounts traceable to property gifted by the deceased, including rents, income and converted proceeds, were treated as property derived from the deceased and therefore disallowable under section 46(1)(a) of the Estate Duty Act. The court applied a broad construction of "property derived from the deceased" by reading it with the statutory definition, and treated the deposits in the sons' and daughters' names as within that provision despite changes in form. It further held that repayment or discharge of such disallowable debts within the statutory period attracted section 46(2) as a deeming provision, so the sums repaid or discharged were includible for estate duty purposes. Case-Laws Income Tax Tue, 02 Sep 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28679