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[Cites 0, Cited by 10] [Section 74] [Entire Act]

Union of India - Subsection

Section 74(2) in Estate Duty act, 1953

(2)A rateable part of the estate duty on an estate, in proportion to the value of any beneficial interest in possession in movable property which passes to any person (other than the legal representative of the deceased) on the death of the deceased shall be a first charge on such interest:Provided that the property shall not be so chargeable as against a bona fide purchaser thereof for valuable consideration without notice.