https://www.taxtmi.com/caselaws?id=39444 A statutory right to receive jagir commutation was treated as property passing on death for estate duty purposes. The court reasoned that later enhancement of the commutation amount, obtained after the deceased's death under the same pre-existing entitlement, was not a new asset created by the heirs but remained referable to the deceased's original right. Section 36 on open-market valuation did not limit the chargeable property to the unpaid balance standing at death. The enhanced amount was therefore included in the estate, and estate duty was payable on that basis. en-us Mon, 05 Aug 1974 00:00:00 +0530 Fri, 16 Apr 2010 15:16:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39444 A statutory right to receive jagir commutation was treated as property passing on death for estate duty purposes. The court reasoned that later enhancement of the commutation amount, obtained after the deceased's death under the same pre-existing entitlement, was not a new asset created by the heirs but remained referable to the deceased's original right. Section 36 on open-market valuation did not limit the chargeable property to the unpaid balance standing at death. The enhanced amount was therefore included in the estate, and estate duty was payable on that basis. Case-Laws Income Tax Mon, 05 Aug 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39444