https://www.taxtmi.com/caselaws?id=29556 A present, continuing and enforceable interest in trust property that passes on death is includible in the estate for estate duty purposes. The deceased's share in the Lala Man Mohan Das Trust was therefore upheld as part of the taxable estate. The valuation of surplus open land in the Madho Kunj property required fresh consideration because the factual basis for the earlier valuation was incomplete or mistaken, so that issue was remitted. A house used exclusively for residence qualified for the statutory residential exemption, and its full value could not be aggregated for rate purposes; the exemption was held to apply to the entire house. en-us Fri, 15 Jan 1982 00:00:00 +0530 Sat, 13 Mar 2010 17:00:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29556 A present, continuing and enforceable interest in trust property that passes on death is includible in the estate for estate duty purposes. The deceased's share in the Lala Man Mohan Das Trust was therefore upheld as part of the taxable estate. The valuation of surplus open land in the Madho Kunj property required fresh consideration because the factual basis for the earlier valuation was incomplete or mistaken, so that issue was remitted. A house used exclusively for residence qualified for the statutory residential exemption, and its full value could not be aggregated for rate purposes; the exemption was held to apply to the entire house. Case-Laws Income Tax Fri, 15 Jan 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29556