https://www.taxtmi.com/caselaws?id=59790 Where a deceased partner had already retired before death and the continuing partners took over the firm's assets and liabilities, the deceased's share in goodwill did not pass on death and was not includible to estate duty. Income-tax and wealth-tax liabilities relating to periods before death were deductible as debts against the estate because they were enforceable obligations. In computing the deceased's notional share in the smaller Hindu undivided family, a reasonable provision for the marriage expenses of unmarried daughters was to be made before fixing coparcenary shares. The valuation of the Takhteshahi Road property was left unchanged because no material justified reduction on the basis of Hindu undivided family ownership. en-us Tue, 10 Mar 1981 00:00:00 +0530 Sat, 01 Jan 2011 12:06:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59790 Where a deceased partner had already retired before death and the continuing partners took over the firm's assets and liabilities, the deceased's share in goodwill did not pass on death and was not includible to estate duty. Income-tax and wealth-tax liabilities relating to periods before death were deductible as debts against the estate because they were enforceable obligations. In computing the deceased's notional share in the smaller Hindu undivided family, a reasonable provision for the marriage expenses of unmarried daughters was to be made before fixing coparcenary shares. The valuation of the Takhteshahi Road property was left unchanged because no material justified reduction on the basis of Hindu undivided family ownership. Case-Laws Income Tax Tue, 10 Mar 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59790