https://www.taxtmi.com/caselaws?id=57954 A partial partition of selected family assets was examined under the Estate Duty Act, 1953 to determine whether the resulting amount could be treated as property deemed to pass on death. The memorandum showed only a limited division of movable assets, while the rest of the family property remained joint. The deceased agreed not to receive a share in the partitioned assets in return for her husband's continuing maintenance, and that maintenance right was treated as full consideration in money or money's worth. On that basis, the disposition was not treated as a gift, and a limited partial partition by itself was not regarded as attracting estate duty under section 9 read with section 27. en-us Thu, 12 Apr 1984 00:00:00 +0530 Wed, 15 Dec 2010 15:58:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57954 A partial partition of selected family assets was examined under the Estate Duty Act, 1953 to determine whether the resulting amount could be treated as property deemed to pass on death. The memorandum showed only a limited division of movable assets, while the rest of the family property remained joint. The deceased agreed not to receive a share in the partitioned assets in return for her husband's continuing maintenance, and that maintenance right was treated as full consideration in money or money's worth. On that basis, the disposition was not treated as a gift, and a limited partial partition by itself was not regarded as attracting estate duty under section 9 read with section 27. Case-Laws Income Tax Thu, 12 Apr 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57954