Notification under section 33(1) - 0934 - Income Tax

Notification under section 33(1) File Number: 299/1/81-ED Dated 20-10-1986 Whereas the Central Government is of the opinion that circumstances are such that some relief in addition to the reliefs provided in sub-section (1) of section 33 of the Estate Duty Act, 1953 (34 of 1953), should be given in respect of the following class of property, namely, any property of a deceased- (i) which by virtue of the Kerala Land Reforms Act, 1963 (Kerala Act 1 of 1964) and the Kerala Private Forests (Vesting and Assignment) Act, 1971 (Kerala Act 26 of 1971), has vested in the State Government of Kerala; and (ii) on which estate duty has been levied but not collected or is liable to be levied and collected under the said Estate Duty Act, by virtue of the inclusion of such property in the estate of the deceased as property passing on his death; Now, therefore, in exercise of the powers conferred by sub-section (2) of section 33 of the said Estate Duty Act, the Central Government hereby directs that no estate duty shall be payable in respect of the aforesaid class of property.