https://www.taxtmi.com/caselaws?id=55196 Compensation payable to legal representatives for death in a motor accident does not form part of the deceased's estate for estate duty purposes because the right arises for the first time on death and is not a right inherited from the deceased. As the compensation was neither property possessed by the deceased during life nor property passing on death, it could not be included in the principal value of the estate under the Estate Duty Act, 1953. The same reasoning applied to the accident benefit amount, which also came into existence only after death and was not chargeable to estate duty. en-us Mon, 06 Nov 1989 00:00:00 +0530 Wed, 24 Nov 2010 14:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55196 Compensation payable to legal representatives for death in a motor accident does not form part of the deceased's estate for estate duty purposes because the right arises for the first time on death and is not a right inherited from the deceased. As the compensation was neither property possessed by the deceased during life nor property passing on death, it could not be included in the principal value of the estate under the Estate Duty Act, 1953. The same reasoning applied to the accident benefit amount, which also came into existence only after death and was not chargeable to estate duty. Case-Laws Income Tax Mon, 06 Nov 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55196