9911796707
TMI Blog1991 (3) TMI 95X X X X Extracts X X X X X X X X Extracts X X X X ..... ate Duty Act, 1953, for the opinion of this court. That question is : "Whether, on the facts and in the circumstances of the case, the Tribunal was justified in law in holding that premia amounting to Rs. 24,208 paid by the deceased within a period of two years before his death in respect of a policy taken by him under the Married Women's Property Act, 1874, are not to be included in the princip ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... surance of his life taken out under the provisions of the Married Women's Property Act for the benefit of his children would be in discharge of his obligation and would not amount to gifts made by the assessee to the beneficiaries of the policies. In this view of the matter, if the premia do not amount to gifts, it is obvious that sections 9 and 27 would not apply. We, therefore, answer the questi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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