https://www.taxtmi.com/caselaws?id=37905 In valuing a Hindu joint family residential house for estate duty, section 39(3) creates a valuation fiction for the deceased coparcener's interest, but that fiction cannot be extended beyond its limited purpose. The exemption for one residential house under section 33(1)(n) applies to the estate of the deceased and does not justify treating the entire joint family house as property passing from the deceased when other coparceners' shares remain outside the estate. On that basis, only the deceased's share was relevant for estate duty, and the balance of the house could not be included in the deceased's estate. en-us Thu, 13 Oct 1977 00:00:00 +0530 Thu, 01 Apr 2010 16:47:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37905 In valuing a Hindu joint family residential house for estate duty, section 39(3) creates a valuation fiction for the deceased coparcener's interest, but that fiction cannot be extended beyond its limited purpose. The exemption for one residential house under section 33(1)(n) applies to the estate of the deceased and does not justify treating the entire joint family house as property passing from the deceased when other coparceners' shares remain outside the estate. On that basis, only the deceased's share was relevant for estate duty, and the balance of the house could not be included in the deceased's estate. Case-Laws Income Tax Thu, 13 Oct 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37905