https://www.taxtmi.com/caselaws?id=36729 The dispute concerned whether, on the valuation date, administration of a deceased's estate had been completed so that the estate value was assessable separately in the executor's hands under section 19A of the Wealth-tax Act, 1957. The court noted that an executor's assent to vesting in legatees may be express or implied and can be inferred from conduct once administration has reached a stage of ripeness. It also observed that the will indicated an intention that the properties be enjoyed as joint family properties, but the Tribunal had not examined the crucial factual question whether the executor had assented during the period between death and the valuation date. The reference was returned unanswered and remitted to the Tribunal for reconsideration. en-us Thu, 27 Mar 1980 00:00:00 +0530 Wed, 24 Mar 2010 11:41:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36729 The dispute concerned whether, on the valuation date, administration of a deceased's estate had been completed so that the estate value was assessable separately in the executor's hands under section 19A of the Wealth-tax Act, 1957. The court noted that an executor's assent to vesting in legatees may be express or implied and can be inferred from conduct once administration has reached a stage of ripeness. It also observed that the will indicated an intention that the properties be enjoyed as joint family properties, but the Tribunal had not examined the crucial factual question whether the executor had assented during the period between death and the valuation date. The reference was returned unanswered and remitted to the Tribunal for reconsideration. Case-Laws Wealth-tax Thu, 27 Mar 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36729