Provisions u/s 31 Estate Duty Act.

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.... Section(s) Referred: 31 Statute: Estate Duty Act The proviso to section 31 of the Estate Duty Act lays down that where the value on which the duty is payable of the property on the second death....

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.... of duty payable on the second death. The Board are advised that such an interpretation is not permissible u/s 31. The substitution of the lesser of the two values has to be done not for the purpose o....