Estate Duty Act, 1953: More relief provided to property bequeathed to educational institutions and hospitals

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..... opinion that circumstances are such that relief should be given, in addition to the reliefs provided in sub-section (1) of section 33 of the Estate Duty Act, 1953 (34 of 1953), in respect of the following class of property, namely, any property in respect of which a bequest has been made in favour of a University or other educational institution referred to in clause (22), or to a hospital or oth .....

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..... e of issue of this notification, possession of the bequeathed property is delivered to the legatee within a period of three years from the date- (i) of such death, or (ii) on which probate or letters of administration with a copy of the will annexed is granted in respect of the estate of the deceased testator, whichever is later. File Number: 296/6/76-ED - Notification Tax Management .....

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