1977 (10) TMI 16 - HC - Income Tax

Summary

The High Court of Andhra Pradesh ruled that the entire residential house of a Hindu Undivided Family (HUF) was exempt from estate duty under section 33(1)(n) of the E.D. Act, as the deceased's share was exempt and the remaining property belonged to other coparceners. The court held that the entire value of the property cannot be considered for estate duty of the deceased.