https://www.taxtmi.com/caselaws?id=39079 A widow's life interest under a will in the income of a composite trust fund was held not to constitute a specific asset situated in India for estate duty purposes. She had no segregated entitlement to the shares in Spencer and Co. Ltd. or any enforceable right against the company; her right was only against the executors in England to receive income from the residuary trust fund after administration expenses and bequests. The beneficial interest was therefore an equitable claim enforceable in England, not property passing in India, so estate duty under section 7 of the Estate Duty Act was not attracted. en-us Thu, 01 Apr 1976 00:00:00 +0530 Mon, 12 Apr 2010 13:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39079 A widow's life interest under a will in the income of a composite trust fund was held not to constitute a specific asset situated in India for estate duty purposes. She had no segregated entitlement to the shares in Spencer and Co. Ltd. or any enforceable right against the company; her right was only against the executors in England to receive income from the residuary trust fund after administration expenses and bequests. The beneficial interest was therefore an equitable claim enforceable in England, not property passing in India, so estate duty under section 7 of the Estate Duty Act was not attracted. Case-Laws Income Tax Thu, 01 Apr 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39079