https://www.taxtmi.com/caselaws?id=57460 Relief under section 50B of the Estate Duty Act is computed on the basis of the assessed estate duty without importing an extra deduction unless the text expressly requires it. The correct proportionate formula is x = mn/p, because the duty paid out of sale proceeds is applied directly in the statutory proportion and is not reduced before the calculation. For section 50B, "estate duty payable" means the duty determined on assessment under section 58, not a figure further lowered by relief already allowed under section 50. The stated interpretation preserves the same meaning across the deduction provisions and fixes the relief by reference to the assessed liability. en-us Thu, 05 Mar 1992 00:00:00 +0530 Fri, 10 Dec 2010 12:36:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57460 Relief under section 50B of the Estate Duty Act is computed on the basis of the assessed estate duty without importing an extra deduction unless the text expressly requires it. The correct proportionate formula is x = mn/p, because the duty paid out of sale proceeds is applied directly in the statutory proportion and is not reduced before the calculation. For section 50B, "estate duty payable" means the duty determined on assessment under section 58, not a figure further lowered by relief already allowed under section 50. The stated interpretation preserves the same meaning across the deduction provisions and fixes the relief by reference to the assessed liability. Case-Laws Income Tax Thu, 05 Mar 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57460