1990 (6) TMI 8 - HC - Income Tax

Summary

The High Court of Bombay ruled in a case under the Estate Duty Act, 1953 that the deceased's one-third share in the Ghodbunder Road property did not pass on her death as no charge was created in her favor and she had no interest in the property after releasing it to her sons. The court cited a previous Supreme Court case to support its decision. The question was answered in the negative, against the Revenue, with no costs ordered.