1991 (3) TMI 101 - HC - Income Tax

Summary

The High Court of Bombay ruled in favor of the accountable person in a case involving the reopening of estate duty assessment under sections 59(a) and 59(b) of the Estate Duty Act, 1953. The court found that the assessment could not have been reopened under section 59(a) and that the objection raised by the internal audit party did not constitute valid "information" under section 59(b). The second question was not answered due to the ruling on the first question.