https://www.taxtmi.com/caselaws?id=36081 Estate-duty valuation under the Estate Duty Act turned on four rules: constitutional validity of section 34(1)(c) could not be examined by statutory authorities, so aggregation of lineal descendants' shares for rate purposes was applied; exemption under section 33(1)(n) for a Hindu undivided family residential house was confined to the deceased's notional share on partition, not the entire house; interest on gifted amounts was includible only if it accrued naturally from the gifted property without the donee's intervention, so independently earned interest was excluded; and a deceased partner's share in a firm had to be valued on the firm's overall assets and liabilities, not by revaluing closing stock alone. en-us Fri, 05 Sep 1980 00:00:00 +0530 Fri, 19 Mar 2010 12:17:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36081 Estate-duty valuation under the Estate Duty Act turned on four rules: constitutional validity of section 34(1)(c) could not be examined by statutory authorities, so aggregation of lineal descendants' shares for rate purposes was applied; exemption under section 33(1)(n) for a Hindu undivided family residential house was confined to the deceased's notional share on partition, not the entire house; interest on gifted amounts was includible only if it accrued naturally from the gifted property without the donee's intervention, so independently earned interest was excluded; and a deceased partner's share in a firm had to be valued on the firm's overall assets and liabilities, not by revaluing closing stock alone. Case-Laws Income Tax Fri, 05 Sep 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36081