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of <h1>Court sets aside reassessment notice under s. 59 of E.D. Act, 1953, deeming audit objections insufficient.</h1> <h3>Ramesh Chandrasen Ashar And Another Versus KM Barshiwala, Additional Ist Assistant Controller of Estate-Duty, And Another</h3> Ramesh Chandrasen Ashar And Another Versus KM Barshiwala, Additional Ist Assistant Controller of Estate-Duty, And Another - [1984] 148 ITR 1, 39 CTR 136, ... The petition challenges a notice of reopening of assessment under s. 59 of the E.D. Act, 1953. The deceased's estate included shares valued at Rs. 1,693, which was accepted and duty paid. A notice to reassess was issued, citing errors in the valuation. The court ruled that audit objections do not justify reassessment, setting aside the notice.
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