https://www.taxtmi.com/caselaws?id=37490 Under the Estate Duty Act, exemption for a residential house owned within a Hindu undivided family applies only to the property or share that actually passes on the death of the deceased. For Mitakshara coparcenary property, the relevant test is the principal value of the share that would be allotted to the deceased on a notional partition immediately before death. The exemption clause cannot be read in isolation from the provisions on cesser of coparcenary interest and aggregation for rate purposes. On that basis, the entire house is not exempt, and the share of lineal descendants remains relevant for rate computation. en-us Tue, 18 Mar 1975 00:00:00 +0530 Tue, 30 Mar 2010 11:35:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37490 Under the Estate Duty Act, exemption for a residential house owned within a Hindu undivided family applies only to the property or share that actually passes on the death of the deceased. For Mitakshara coparcenary property, the relevant test is the principal value of the share that would be allotted to the deceased on a notional partition immediately before death. The exemption clause cannot be read in isolation from the provisions on cesser of coparcenary interest and aggregation for rate purposes. On that basis, the entire house is not exempt, and the share of lineal descendants remains relevant for rate computation. Case-Laws Income Tax Tue, 18 Mar 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37490