https://www.taxtmi.com/caselaws?id=35983 Estate duty payable on the deceased's estate was held not to be deductible in computing the principal value of the estate under section 44 of the Estate Duty Act, 1953. The Court applied the principle that "debts" and "incumbrances" in that provision refer only to liabilities created by the deceased during lifetime. Estate duty arises only on death by operation of law, is not a debt due from the deceased, and is not an incumbrance created by him. The deduction was therefore disallowed and the issue was answered in favour of the Revenue. en-us Mon, 13 Mar 1978 00:00:00 +0530 Thu, 18 Mar 2010 12:46:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35983 Estate duty payable on the deceased's estate was held not to be deductible in computing the principal value of the estate under section 44 of the Estate Duty Act, 1953. The Court applied the principle that "debts" and "incumbrances" in that provision refer only to liabilities created by the deceased during lifetime. Estate duty arises only on death by operation of law, is not a debt due from the deceased, and is not an incumbrance created by him. The deduction was therefore disallowed and the issue was answered in favour of the Revenue. Case-Laws Income Tax Mon, 13 Mar 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35983