1990 (3) TMI 20 - HC - Income Tax

Summary

The High Court of Madras ruled on a reference under the Estate Duty Act, 1953, addressing three questions of law. The court held that the properties admitted by the accountable person must be included in the deceased's estate value. It also determined that throwing personal property into the family hotchpot does not constitute a disposition. Additionally, the court stated that the aggregation of lineal descendants' share under section 34(1)(c) is not permissible. The court's decision was against the Revenue on questions 1 and 2, and it was held that section 34(1)(c) is unconstitutional.