https://www.taxtmi.com/caselaws?id=56624 Unpaid liabilities existing on the date of death were treated as deductible debts and encumbrances under section 44 of the Estate Duty Act, 1953, and the Act did not import the wealth-tax exclusion for such liabilities. A partial HUF partition made after 31-12-1978 could not be ignored for estate duty merely because section 171(9) of the Income-tax Act deems such partitions unrecognised for income-tax purposes; in the absence of a corresponding estate duty provision, ordinary Hindu law applied. The outstanding liability to M/s. J.K. Hosiery Factory was also accepted as a deductible subsisting obligation in computing the net estate. en-us Tue, 16 Oct 1990 00:00:00 +0530 Mon, 06 Dec 2010 09:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56624 Unpaid liabilities existing on the date of death were treated as deductible debts and encumbrances under section 44 of the Estate Duty Act, 1953, and the Act did not import the wealth-tax exclusion for such liabilities. A partial HUF partition made after 31-12-1978 could not be ignored for estate duty merely because section 171(9) of the Income-tax Act deems such partitions unrecognised for income-tax purposes; in the absence of a corresponding estate duty provision, ordinary Hindu law applied. The outstanding liability to M/s. J.K. Hosiery Factory was also accepted as a deductible subsisting obligation in computing the net estate. Case-Laws Income Tax Tue, 16 Oct 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56624