https://www.taxtmi.com/caselaws?id=36709 The court upheld the decision to include Rs. 8,000, representing the deceased's jewelry value, in the estate for Estate Duty assessment. The accountable person's argument that the jewelry value should be excluded due to the purchase of Gold Bonds was dismissed as the jewelry's disposal was not proven. The Tribunal relied on the deceased's last tax returns, showing possession of jewelry worth Rs. 8,000. The court ruled in favor of the department, ordering the accountable person to pay costs of Rs. 200. en-us Thu, 10 Apr 1980 00:00:00 +0530 Wed, 24 Mar 2010 11:05:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36709 The court upheld the decision to include Rs. 8,000, representing the deceased's jewelry value, in the estate for Estate Duty assessment. The accountable person's argument that the jewelry value should be excluded due to the purchase of Gold Bonds was dismissed as the jewelry's disposal was not proven. The Tribunal relied on the deceased's last tax returns, showing possession of jewelry worth Rs. 8,000. The court ruled in favor of the department, ordering the accountable person to pay costs of Rs. 200. Case-Laws Income Tax Thu, 10 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36709