https://www.taxtmi.com/caselaws?id=40062 Estate duty is attracted only where property passes on death or is deemed to pass because the deceased had a lifetime property interest or disposing capacity. On a personal accident policy, the assured sum arises only on the contingency of accident and death, so the nomination does not amount to a transfer of existing property and the amount is not includible in the principal value of the estate. The text also notes that adoption normally severs ties with the natural family, but a proved custom or binding arrangement may preserve the adopted son's interest; on that basis, the deceased's coparcenary share was treated as one-third rather than one-half. en-us Thu, 17 Jul 1986 00:00:00 +0530 Tue, 29 Jul 2014 17:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40062 Estate duty is attracted only where property passes on death or is deemed to pass because the deceased had a lifetime property interest or disposing capacity. On a personal accident policy, the assured sum arises only on the contingency of accident and death, so the nomination does not amount to a transfer of existing property and the amount is not includible in the principal value of the estate. The text also notes that adoption normally severs ties with the natural family, but a proved custom or binding arrangement may preserve the adopted son's interest; on that basis, the deceased's coparcenary share was treated as one-third rather than one-half. Case-Laws Income Tax Thu, 17 Jul 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40062