https://www.taxtmi.com/caselaws?id=40047 A joint testamentary instrument can create mutual wills where its overall scheme shows an implied agreement that the property must remain intact for ultimate beneficiaries after the first spouse's death. On that construction, the survivor, having accepted the benefit under the will, is bound not to revoke or alter the disposition and has no disposing power over the deceased spouse's share. The property is treated as settled property for estate duty purposes, and where duty has already been paid on the first death, exemption under section 29 of the Estate Duty Act, 1953 is available. en-us Wed, 08 Jan 1986 00:00:00 +0530 Tue, 01 Apr 2025 16:57:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40047 A joint testamentary instrument can create mutual wills where its overall scheme shows an implied agreement that the property must remain intact for ultimate beneficiaries after the first spouse's death. On that construction, the survivor, having accepted the benefit under the will, is bound not to revoke or alter the disposition and has no disposing power over the deceased spouse's share. The property is treated as settled property for estate duty purposes, and where duty has already been paid on the first death, exemption under section 29 of the Estate Duty Act, 1953 is available. Case-Laws Income Tax Wed, 08 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40047