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of <h1>Timely Action Required: Assistant Controllers Must Expedite Estate Duty Extension Applications to Prevent Revenue Loss and Interest Issues.</h1> The circular highlights the importance of timely action by the Assistant Controllers of Estate Duty on applications for extensions of time to file estate duty returns. It notes that delays in processing these applications can result in a loss of interest, as interest is only charged when an extension is granted at the request of the accountable person. The board has observed instances where delays have occurred, leading to revenue loss. Officers are instructed to adhere strictly to the guidelines to prevent such occurrences and ensure efficient processing of extension requests.
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