https://www.taxtmi.com/caselaws?id=152794 Section 70(2) of the Estate Duty Act is construed as a beneficial fiscal provision, so the option to pay estate duty on immovable property in four yearly instalments runs from the date the duty becomes payable under the demand notice, or the statutory date under section 73(2), not from the deceased's date of death. The provision presupposes assessment and quantification before instalments can begin, and the liability arising on death under section 57(1) is distinct from the date of payment. On the separate question of stay, collection of estate duty relating to the jagir commutation amount was treated as a matter for the assessing authority's discretion under section 73(4), leaving the petitioner to seek relief there. en-us Mon, 28 Sep 1964 00:00:00 +0530 Thu, 11 Jul 2013 10:27:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152794 Section 70(2) of the Estate Duty Act is construed as a beneficial fiscal provision, so the option to pay estate duty on immovable property in four yearly instalments runs from the date the duty becomes payable under the demand notice, or the statutory date under section 73(2), not from the deceased's date of death. The provision presupposes assessment and quantification before instalments can begin, and the liability arising on death under section 57(1) is distinct from the date of payment. On the separate question of stay, collection of estate duty relating to the jagir commutation amount was treated as a matter for the assessing authority's discretion under section 73(4), leaving the petitioner to seek relief there. Case-Laws Income Tax Mon, 28 Sep 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152794