1,50,000/ as the value thereof and determined the aggregate value of the estate at Rs.
But the parents companytinued to be in possession of the house though the municipal tax was paid thereafter in the names of the sons.
1098 of 1965 Appeal by special leave from the judgment and order dated November 17, 1964 of the Mysore High Court in Tax Referred Case No.
93,750/ excluding the value of the house No.
At the instance of the appellant the Board referred the following question of law for the determination of the High Court.
2,57,249/ and assessed the estate duty payable at Rs 15,751.54 P by his order dated November 1006 30, 1959.
The Judgment of the Court was delivered by Ramaswami, J. This appeal is brought, by special leave, from the judgment of the Mysore High Court dated November 17, 1964 in Tax Referred Case No.
The document recites that the donees had accepted the gift and they had been put in possession.
CIVIL APPELLATE JURISDICTION Civil Appeal No.
1 of 1964.
The deceased died on September 30, 1959 more than 4 years after the gift.
The appellant, the accountable person, then filed a return showing the value of the estate left by his father at Rs.
34, Mahatma Gandhi Road, Bangalore.
1 of 1964.
The appellant thereupon preferred an appeal to the Central Board of Revenue hereinafter referred to as the Board which dismissed the appeal and affirmed the view taken by the Assistant Controller of Estate Duty.
Srinivasan and R. Gopalakrishnan, for the appellant.
It had been purchased by the appellants father Dr. C. F. Da Costa hereinafter called the deceased in the joint names of himself and his wife on February 14, 1940.
Sen, T. A. Ramachandran and R. N. Sachthey, for the respondent.
They made a gift of the house to their two sons on October 20, 1954.
34, Mahatma Gandhi Road, Bangalore.
The Assistant Controller of Estate Duty however included the sum of Rs.
