1983 (1) TMI 77 - HC - Income Tax

Summary

The High Court of Madhya Pradesh ruled that the Tribunal was not justified in holding that the value of the properties could not be charged to estate duty. The properties in question belonged to the Hindu Undivided Family (HUF) of the deceased, and therefore, were deemed to pass on his death as per the Estate Duty Act, 1953. The court declined to answer the second question raised in the reference. The parties will bear their own costs of the reference.