https://www.taxtmi.com/caselaws?id=36689 A beneficial life interest in the whole income of trust property was treated as property passing on death for estate duty purposes under the Estate Duty Act, 1953. The decisive factor was the cessation of the deceased's beneficial enjoyment, not any transfer of title. For valuation, where the deceased was entitled to the entire income from the trust funds, the statutory rule required the benefit from that cesser to be assessed at the principal value of the property, not merely at the life interest value. The trust interest was therefore includible in the estate at principal value. en-us Tue, 30 Oct 1979 00:00:00 +0530 Wed, 24 Mar 2010 10:31:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36689 A beneficial life interest in the whole income of trust property was treated as property passing on death for estate duty purposes under the Estate Duty Act, 1953. The decisive factor was the cessation of the deceased's beneficial enjoyment, not any transfer of title. For valuation, where the deceased was entitled to the entire income from the trust funds, the statutory rule required the benefit from that cesser to be assessed at the principal value of the property, not merely at the life interest value. The trust interest was therefore includible in the estate at principal value. Case-Laws Income Tax Tue, 30 Oct 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36689