https://www.taxtmi.com/caselaws?id=49368 The court held that the estate duty paid by the respondent was not an allowable deduction under section 10(2)(xv) of the Indian Income-tax Act. The High Court's decision was overturned, and the appeals were allowed with costs. It was determined that the estate duty paid by the company on behalf of non-domiciled shareholders is not deductible from its profits for the purpose of computing its assessable income. en-us Fri, 10 Apr 1964 00:00:00 +0530 Mon, 09 Nov 2015 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49368 The court held that the estate duty paid by the respondent was not an allowable deduction under section 10(2)(xv) of the Indian Income-tax Act. The High Court's decision was overturned, and the appeals were allowed with costs. It was determined that the estate duty paid by the company on behalf of non-domiciled shareholders is not deductible from its profits for the purpose of computing its assessable income. Case-Laws Income Tax Fri, 10 Apr 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49368