https://www.taxtmi.com/caselaws?id=57965 Quick succession relief under section 31 of the Estate Duty Act, 1953 applies to the same property as included in both successive estates. Where the property in question cannot be precisely identified, as with deposits or bank balances subject to variation, the relief is computed on the value actually brought into the second assessment. If that second assessment already includes half the property value without any reduction for estate duty attributable to the first estate, no further deduction from that amount is permissible. The relief is therefore limited to the amount common to both assessments, and the departmental objection fails. en-us Thu, 07 Feb 1985 00:00:00 +0530 Wed, 15 Dec 2010 16:21:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57965 Quick succession relief under section 31 of the Estate Duty Act, 1953 applies to the same property as included in both successive estates. Where the property in question cannot be precisely identified, as with deposits or bank balances subject to variation, the relief is computed on the value actually brought into the second assessment. If that second assessment already includes half the property value without any reduction for estate duty attributable to the first estate, no further deduction from that amount is permissible. The relief is therefore limited to the amount common to both assessments, and the departmental objection fails. Case-Laws Income Tax Thu, 07 Feb 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57965