https://www.taxtmi.com/caselaws?id=70741 Reopening under the estate duty law was valid where the assessing authority relied on a later judicial decision stating the correct legal position, together with material showing under-valuation and escapement of duty. The residential-house deduction was not available because the deceased had already transferred possession and remained in the property only as a permissive occupant, not under an enforceable right of residence; the deeming inclusion of the house in the estate did not extend the exemption. Interest for delayed filing was not attracted to the reassessment, but relief for gift-tax paid had to be granted under the specific estate duty relief provision, not by reference to the gift-tax deduction rule. en-us Wed, 24 Dec 1986 00:00:00 +0530 Tue, 19 Apr 2011 10:16:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70741 Reopening under the estate duty law was valid where the assessing authority relied on a later judicial decision stating the correct legal position, together with material showing under-valuation and escapement of duty. The residential-house deduction was not available because the deceased had already transferred possession and remained in the property only as a permissive occupant, not under an enforceable right of residence; the deeming inclusion of the house in the estate did not extend the exemption. Interest for delayed filing was not attracted to the reassessment, but relief for gift-tax paid had to be granted under the specific estate duty relief provision, not by reference to the gift-tax deduction rule. Case-Laws Income Tax Wed, 24 Dec 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70741