https://www.taxtmi.com/caselaws?id=37931 A deceased employee's accrued right to receive a share of profits was treated as property for estate duty purposes, even though the exact amount was computed only after the accounting year ended. The decisive distinction was between accrual of the entitlement and later quantification of the sum. Because the right had already vested in the deceased before death, it formed part of the estate under the Estate Duty Act. The later calculation of the monetary figure did not exclude it from estate duty merely because the amount was ascertained after death. en-us Thu, 08 Dec 1977 00:00:00 +0530 Fri, 02 Apr 2010 12:19:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37931 A deceased employee's accrued right to receive a share of profits was treated as property for estate duty purposes, even though the exact amount was computed only after the accounting year ended. The decisive distinction was between accrual of the entitlement and later quantification of the sum. Because the right had already vested in the deceased before death, it formed part of the estate under the Estate Duty Act. The later calculation of the monetary figure did not exclude it from estate duty merely because the amount was ascertained after death. Case-Laws Income Tax Thu, 08 Dec 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37931