https://www.taxtmi.com/caselaws?id=57385 Unbilled professional fees earned by a deceased professional were treated as includible in the principal value of the estate because the right to remuneration had arisen from services already rendered, and the absence of written bills or contracts did not negate the receivable. For estate duty purposes, the relevant inquiry was whether property passed on death, and the statutory concept of property included interests passing immediately or after an interval, certainly or contingently. The allowance for collection charges was also increased to reflect the likelihood of recovery costs and possible litigation, resulting in partial relief. en-us Thu, 22 Mar 1984 00:00:00 +0530 Thu, 09 Dec 2010 18:25:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57385 Unbilled professional fees earned by a deceased professional were treated as includible in the principal value of the estate because the right to remuneration had arisen from services already rendered, and the absence of written bills or contracts did not negate the receivable. For estate duty purposes, the relevant inquiry was whether property passed on death, and the statutory concept of property included interests passing immediately or after an interval, certainly or contingently. The allowance for collection charges was also increased to reflect the likelihood of recovery costs and possible litigation, resulting in partial relief. Case-Laws Income Tax Thu, 22 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57385