https://www.taxtmi.com/caselaws?id=39628 Section 46 of the Estate Duty Act, 1953 limits abatement to the consideration for a debt that itself consisted of property derived from the deceased. Interest or later accretions on gifted property held by the creditor do not form part of that consideration, and section 46(2) applies only to repayment or discharge of the principal derived property, not to interest. On that basis, accrued interest credited on loans advanced by the deceased's minor sons was not liable to abatement, and disallowance was held unjustified. en-us Thu, 07 Nov 1974 00:00:00 +0530 Mon, 19 Apr 2010 12:05:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39628 Section 46 of the Estate Duty Act, 1953 limits abatement to the consideration for a debt that itself consisted of property derived from the deceased. Interest or later accretions on gifted property held by the creditor do not form part of that consideration, and section 46(2) applies only to repayment or discharge of the principal derived property, not to interest. On that basis, accrued interest credited on loans advanced by the deceased's minor sons was not liable to abatement, and disallowance was held unjustified. Case-Laws Income Tax Thu, 07 Nov 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39628