https://www.taxtmi.com/caselaws?id=36039 Under the land reforms scheme, surplus land was not divested from the owner merely because it exceeded the ceiling limit. Title continued until the statutory vesting notification was issued, after the prescribed steps for return, draft statement, final statement, and compensation were completed. On that footing, the deceased remained owner of the surplus land on the date of death, so estate duty valuation had to treat the land itself as the relevant asset and not confine the estate to the compensation receivable. en-us Wed, 21 Feb 1979 00:00:00 +0530 Fri, 19 Mar 2010 10:36:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36039 Under the land reforms scheme, surplus land was not divested from the owner merely because it exceeded the ceiling limit. Title continued until the statutory vesting notification was issued, after the prescribed steps for return, draft statement, final statement, and compensation were completed. On that footing, the deceased remained owner of the surplus land on the date of death, so estate duty valuation had to treat the land itself as the relevant asset and not confine the estate to the compensation receivable. Case-Laws Income Tax Wed, 21 Feb 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36039