1976 (9) TMI 82 - AT - Income Tax

Summary

The Appellate Tribunal ITAT MADRAS-D allowed the departmental appeal partially, holding that a sum of Rs. 51,398 is includible in the estate duty assessment of the deceased, overturning the deletion of Rs. 77,364 made by the Appellate Controller of Estate Duty. The Tribunal relied on the ruling of the Madras High Court and Supreme Court in similar cases.