https://www.taxtmi.com/caselaws?id=28710 Rebate under section 35(3) of the Estate Duty Act for agricultural land is tested only on the principal value of the property passing on the deceased's death. The aggregation of lineal descendants' interests under section 34 is confined to determining the rate of estate duty and does not enlarge the estate for deciding rebate eligibility. The statutory scheme therefore treats rebate computation separately from rate computation, so the value of aggregated descendants' property cannot be added when applying the section 35(3) limit. en-us Tue, 01 Mar 1983 00:00:00 +0530 Thu, 25 Feb 2010 10:41:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28710 Rebate under section 35(3) of the Estate Duty Act for agricultural land is tested only on the principal value of the property passing on the deceased's death. The aggregation of lineal descendants' interests under section 34 is confined to determining the rate of estate duty and does not enlarge the estate for deciding rebate eligibility. The statutory scheme therefore treats rebate computation separately from rate computation, so the value of aggregated descendants' property cannot be added when applying the section 35(3) limit. Case-Laws Income Tax Tue, 01 Mar 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28710