1990 (7) TMI 23 - HC - Income Tax

Summary

The High Court of Bombay held that estate duty payable in respect of the deceased's estate is not deductible when computing the principal value of the estate. The judgment favored the Revenue and rejected the accountable person's argument. The decision was based on a previous judgment in CED v. Bipinchandra N. Patel [1990] 186 ITR 29. The question was answered in the negative, and no costs were awarded.