Estate Duty Act-Exemption u/s 33(1)(n) in respect of a house owned by a firm.

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..... 1953 was available in respect of a house owned by a firm in which the deceased was a partner (if the deceased was residing in the house at the time of his death). It was stated in the above circular that a firm has no legal existence and the partnership property vests in all the partners and every partner has an interest in the property of the partnership. Since u/s 33(1)(n) property belonging to .....

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