https://www.taxtmi.com/caselaws?id=40015 Benami-held shares were includible in the deceased's estate under section 5(1) of the Estate Duty Act because the deceased supplied the full consideration and remained the real owner; the named holders had no beneficial interest. Section 5(1) was treated as the charging provision for property passing on death, and section 6 was held to be supplemental and incapable of cutting down that charge. On those facts, estate duty arose on the death of the real owner, not on the death of the benamidars, so the challenge to inclusion failed and the entire value of the shares was chargeable to estate duty. en-us Fri, 10 Oct 1980 00:00:00 +0530 Thu, 30 Jun 2016 15:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40015 Benami-held shares were includible in the deceased's estate under section 5(1) of the Estate Duty Act because the deceased supplied the full consideration and remained the real owner; the named holders had no beneficial interest. Section 5(1) was treated as the charging provision for property passing on death, and section 6 was held to be supplemental and incapable of cutting down that charge. On those facts, estate duty arose on the death of the real owner, not on the death of the benamidars, so the challenge to inclusion failed and the entire value of the shares was chargeable to estate duty. Case-Laws Indian Laws Fri, 10 Oct 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40015