https://www.taxtmi.com/caselaws?id=28722 Under the Estate Duty Act, exemption for a residential house in coparcenary property is limited to the deceased's fractional interest and does not extend to the entire house. Read with the valuation provisions, the statutory scheme requires only the deceased's share to be exempted where the property belongs to a Hindu undivided family. For rate computation, however, the interests of lineal descendants in coparcenary property must be aggregated with the deceased's share under section 34(1)(c), because that aggregation operates only for determining the estate duty rate and does not levy duty on the descendants' shares. en-us Wed, 08 Dec 1982 00:00:00 +0530 Thu, 25 Feb 2010 11:35:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28722 Under the Estate Duty Act, exemption for a residential house in coparcenary property is limited to the deceased's fractional interest and does not extend to the entire house. Read with the valuation provisions, the statutory scheme requires only the deceased's share to be exempted where the property belongs to a Hindu undivided family. For rate computation, however, the interests of lineal descendants in coparcenary property must be aggregated with the deceased's share under section 34(1)(c), because that aggregation operates only for determining the estate duty rate and does not levy duty on the descendants' shares. Case-Laws Income Tax Wed, 08 Dec 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28722