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of <h1>Estate Duty Assessment Canceled for Late Filing; Appeals Recommended u/s 73A, Estate Duty Act.</h1> The Board addressed a case where an Accountable Person filed an estate duty return after the statutory period, leading to an assessment that was later canceled by the Appellate Controller due to being time-barred under Section 73A of the Estate Duty Act. The Board advised that Section 73A only bars the initiation, not the completion, of proceedings, allowing assessments based on late voluntary returns. They recommended contesting such cancellations in further appeals and instructed tax officers to promptly notify the Assistant Controller of Estate Duty about deceased assessees to prevent similar issues and revenue loss.
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