Supreme Court · 2003 INSC 232 · Decided 16 April 2003
Commissioner of Wealth Tax, Hyderabad v. Trustees of Heh
- Court
- Supreme Court of India
- Citation
- 2003 INSC 232 · [2003] 3 S.C.R. 662
- Case number
- CIVIL APPEAL No. 4703/1999
- Decided
- 16 April 2003
- Bench
- V.N. KHARE, R.C. LAHOTI, B.N. AGRAWAL, S.B. SINHA, AR. LAKSHMANAN (5-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
Wealth Tax, /9j7-Sections 21(1) and (4)-Estate Duty Act, /9j3- C Section 74(2)-Valuation of property-Determination of-Deemed death of life tenant-Property-jewel/eries subject matter of trust not in possession of remaindermen, the ultimate beneficiaries-Estate duty payable, if relevant factor-Held: has a direct impact on the • purchaser of remainder interest thus, a relevant factor for determination of valuation of interest held by remainderman-Further, charge created thereupon D in terms of Section 74(2) to be taken into consideration. Assessees-beneficiaries of the Jewellery
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