https://www.taxtmi.com/caselaws?id=8525 A provisional assessment under section 57 of the Estate Duty Act, 1953 must be based on the statutory account delivered under section 53(3). Where that account stated that only property worth Rs. 26,000 was admittedly liable to estate duty, references to earlier gifts and to properties no longer owned could not be treated as an admission supporting a much larger estate value. The statutory account is confined to property in respect of which estate duty is admitted to be payable, so material outside that scope cannot justify provisional assessment on a higher figure. The provisional assessment was therefore invalid and set aside. en-us Thu, 12 Sep 1968 00:00:00 +0530 Wed, 29 Apr 2009 17:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8525 A provisional assessment under section 57 of the Estate Duty Act, 1953 must be based on the statutory account delivered under section 53(3). Where that account stated that only property worth Rs. 26,000 was admittedly liable to estate duty, references to earlier gifts and to properties no longer owned could not be treated as an admission supporting a much larger estate value. The statutory account is confined to property in respect of which estate duty is admitted to be payable, so material outside that scope cannot justify provisional assessment on a higher figure. The provisional assessment was therefore invalid and set aside. Case-Laws Income Tax Thu, 12 Sep 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8525