Supreme Court · 1986 INSC 121 · Decided 9 May 1986
Controller of Estate Duty Gujarat-I, Ahmedabad v. Mrudula Nareshchandra
- Court
- Supreme Court of India
- Citation
- 1986 INSC 121 · [1986] 3 S.C.R. 45
- Case number
- CIVIL APPEAL No. 1349/1974
- Decided
- 9 May 1986
- Bench
- R.S. PATHAK, SABYASACHI MUKHERJI (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
c ESTATE DUTY ACT 1953/ESTATE RULES 1953: Section 36/Rule 7(c)-Firm--Death of partner-Entire interest of deceased in finn in- eluding goodwill passes on death-To be valued-Includible in estate of deceased for levy of estate duty. D One N. Kanti Lal had 28% share in a partnership firm. The stand dissolved on death of any of the partners and the partner dying shall have no right whatever in the goodwill of the firm. On his death,· the respondent-accountable person filed necessary return under the Estate Duty Act, 1953 without including the value of the share of the deceased
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