https://www.taxtmi.com/caselaws?id=37125 A deceased's lifetime right to collect rent from houses allotted to his sons under a partition deed was treated as an interest in property that ceased on death. Although the sons became absolute owners of the houses, the rent was withheld from them until the deceased died, and they then became entitled to receive it. That cesser of the deceased's tangible income-right created a corresponding benefit to the sons, bringing the arrangement within section 7 of the Estate Duty Act. The valuation under section 40 was not disputed, and the reference was answered for the revenue. en-us Tue, 20 Feb 1979 00:00:00 +0530 Fri, 26 Mar 2010 16:41:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37125 A deceased's lifetime right to collect rent from houses allotted to his sons under a partition deed was treated as an interest in property that ceased on death. Although the sons became absolute owners of the houses, the rent was withheld from them until the deceased died, and they then became entitled to receive it. That cesser of the deceased's tangible income-right created a corresponding benefit to the sons, bringing the arrangement within section 7 of the Estate Duty Act. The valuation under section 40 was not disputed, and the reference was answered for the revenue. Case-Laws Income Tax Tue, 20 Feb 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37125