https://www.taxtmi.com/caselaws?id=58984 A legal plea on the method of valuing a self-occupied flat could be raised for the first time before the Tribunal because the valuation itself was already in issue. The flat was directed to be valued under rule 1BB of the Wealth-tax Rules as the appropriate and harmonious basis for estate duty valuation. Premiums paid on life policies for the deceased's minor children were treated as includible only to the extent they exceeded the statutory limit for normal expenditure. Future renewal commission under the deceased's LIC agency was held includible in principle as property passing on death, but its quantification required fresh actuarial consideration. en-us Mon, 08 Jul 1985 00:00:00 +0530 Thu, 23 Dec 2010 14:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58984 A legal plea on the method of valuing a self-occupied flat could be raised for the first time before the Tribunal because the valuation itself was already in issue. The flat was directed to be valued under rule 1BB of the Wealth-tax Rules as the appropriate and harmonious basis for estate duty valuation. Premiums paid on life policies for the deceased's minor children were treated as includible only to the extent they exceeded the statutory limit for normal expenditure. Future renewal commission under the deceased's LIC agency was held includible in principle as property passing on death, but its quantification required fresh actuarial consideration. Case-Laws Income Tax Mon, 08 Jul 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58984