https://www.taxtmi.com/caselaws?id=58564 Estate duty relief under sections 50 and 50B is confined to the deceased's actual interest in the property chargeable to duty, not the entire joint family or trust property. Where estate duty is leviable only on a notional share in joint family assets, deductions for probate fees and related relief must be applied proportionately to that limited charge. For section 50B, the capital gains tax used in the computation is the actual tax paid on the transfer of the property sold to meet estate duty, and not a notional net average rate. The proportionate approach to relief and the actual-tax basis for computation were therefore accepted. en-us Sat, 30 Jun 1984 00:00:00 +0530 Mon, 20 Dec 2010 16:10:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58564 Estate duty relief under sections 50 and 50B is confined to the deceased's actual interest in the property chargeable to duty, not the entire joint family or trust property. Where estate duty is leviable only on a notional share in joint family assets, deductions for probate fees and related relief must be applied proportionately to that limited charge. For section 50B, the capital gains tax used in the computation is the actual tax paid on the transfer of the property sold to meet estate duty, and not a notional net average rate. The proportionate approach to relief and the actual-tax basis for computation were therefore accepted. Case-Laws Income Tax Sat, 30 Jun 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58564