1981 (4) TMI 70

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Bibhuti Bhusan Banerjee, about whose estate the present proceedings relate, died on August 7, 1961. He left a will dated June 1, 1961, in which Sri Ramendra Nath Banerjee was named as one of the executors who along with others is an accountable person in this case. The other accountable persons are beneficiaries under the above will. The deceased during his lifetime had purchased National Savings ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... gifted to the two sons. A copy of the will dated June 1,1961, is made as annex. " A " forming part of the case. The matter was taken in appeal to the Appellate Controller. Before him the inclusion of the value of the certificates purchased on September 17, 1959, amounting to Rs. 10,000 was not contested since the period of purchase fell within two years of the death of the deceased. With regar....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....amidars or had obtained a declaration from an appropriate court of law. In the circumstances, they observed that he remained incompetent to transfer the certificates till his death, which according to the Tribunal, were also the facts in the case of Aloke Mitra and so the property in the certificates did not pass on his death as per s. 6 of the Act. The Tribunal, therefore, held that the value of ....