https://www.taxtmi.com/caselaws?id=56065 Section 29A(b) of the Estate Duty Act was construed to relieve pensionary or superannuation benefits from estate duty on a yearly basis, not as a flat cap of Rs. 15,000 on the entire benefit. If the amount is paid in a lump sum, only Rs. 15,000 is exempt and the balance may be charged on its capitalised value; if payments are spread so that no year exceeds Rs. 15,000, no estate duty arises on that account. Application of this construction depends on the actual mode of payment, which required factual examination. en-us Mon, 23 Feb 1987 00:00:00 +0530 Wed, 01 Dec 2010 14:18:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56065 Section 29A(b) of the Estate Duty Act was construed to relieve pensionary or superannuation benefits from estate duty on a yearly basis, not as a flat cap of Rs. 15,000 on the entire benefit. If the amount is paid in a lump sum, only Rs. 15,000 is exempt and the balance may be charged on its capitalised value; if payments are spread so that no year exceeds Rs. 15,000, no estate duty arises on that account. Application of this construction depends on the actual mode of payment, which required factual examination. Case-Laws Income Tax Mon, 23 Feb 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56065