Section 64(7) of the Estate Duty Act-Question of the period for which interest to be allowed

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..... , Subject: Section 64(7) of the Estate Duty Act-Question of the period for which interest to be allowed. Vide Board's Instruction No. 1318 dated 12-3-1980 issued from F. No. 304/33/79-ED(Dt.) it was decided that the rate of interest payable under section 64(7) of the Estate Duty Act should be 8%. 2. The Board recently have had an occasion to consider as to what should be .....

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