9911796707
TMI Blog1989 (3) TMI 12X X X X Extracts X X X X X X X X Extracts X X X X ..... ct, 1953 ("the Act") : " 1. Whether, on the facts and in the circumstances of the case, the Tribunal was correct in holding that the provisions of section 10 of the Estate Duty Act, 1953, were not applicable and that the value of the interest that the deceased had in the property transferred to Prakash Umacharan M. E. School in terms of section 12 of the Estate Duty Act, 1953, alone was includib ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t these properties would vest in the donor or his heirs in case the school became non-existent." The Assistant Controller was of the view that while making the gift to the school, the donor had retained his interest therein and he included the value of this property in the computation of the estate under section 10 of the Act and valued the property at Rs. 10,000. The Appellate Controller was of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... had no application in the facts of this case. The Tribunal has also discussed the question of exemption of house property under section 33(1)(n) of the Act. The Appellate Controller had found that the deceased was living with his son at the time of his death and the property was joint and was occupied by the nephew of the deceased. The Appellate Controller took the view that it was unlikely that ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
