1972 (1) TMI 7

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....64(1) of the Estate Duty Act, 1953, and the question referred for our decision is : " Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was right in holding that the value of the insurance policies of Rs. 92,520 taken on the life of the deceased and nominated in favour of the wife of the deceased could not be included in the estate of the deceased ?" The dece....

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....te Duty held that these insurance policies having been nominated in favour of the wife of the deceased, must be deemed to have been taken for the benefit of the wife and not for the benefit of the Hindu undivided family. In that view he held that the total value is liable to be included in the free estate of the deceased. On appeal by the accountable person, the Appellate Controller of Estate Duty....

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....f the Controller of Estate Duty, the above question of law has been referred for a decision by this court. In the decision in Seethalakshmi Ammal v. Controller of Estate Duty the facts of which were almost identical, a Division Bench of this court held that the insurance policies in those circumstances were the property of the joint family consisting of the deceased and the other coparcener. It....