https://www.taxtmi.com/caselaws?id=56121 A female Hindu member's interest in Hindu undivided family property was treated as property passing on death and therefore chargeable to estate duty, applying the Hindu Succession Act principle that property possessed by a female Hindu is her full estate. The matter on share quantum and related adjustments was remanded for fresh determination. On valuation, the shares in Reva Investments Pvt. Ltd. had to be computed under the applicable market-based method accepted by the Tribunal, not by the higher figure sustained below, with a floor value of Rs. 50 per share for recomputation. The cross appeals were disposed of on that basis. en-us Fri, 04 Mar 1994 00:00:00 +0530 Wed, 01 Dec 2010 16:46:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56121 A female Hindu member's interest in Hindu undivided family property was treated as property passing on death and therefore chargeable to estate duty, applying the Hindu Succession Act principle that property possessed by a female Hindu is her full estate. The matter on share quantum and related adjustments was remanded for fresh determination. On valuation, the shares in Reva Investments Pvt. Ltd. had to be computed under the applicable market-based method accepted by the Tribunal, not by the higher figure sustained below, with a floor value of Rs. 50 per share for recomputation. The cross appeals were disposed of on that basis. Case-Laws Income Tax Fri, 04 Mar 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56121