https://www.taxtmi.com/caselaws?id=8711 A rectification power under estate duty law may be exercised by the original assessing authority where the relevant valuation did not merge in appellate orders, and an assessment can be corrected within time when later court enhancement forms part of the record. The Court held that enhanced compensation arising from compulsory acquisition was not a separate right but part of the deceased's composite compensation entitlement, so it constituted property passing on death and was chargeable to estate duty. It further held that the valuation error was apparent from the record because the original assessment had been based on the acquisition award and the subsequent enhancement altered that basis without requiring a debatable fresh inquiry. en-us Tue, 16 Nov 1971 00:00:00 +0530 Wed, 03 Jun 2009 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8711 A rectification power under estate duty law may be exercised by the original assessing authority where the relevant valuation did not merge in appellate orders, and an assessment can be corrected within time when later court enhancement forms part of the record. The Court held that enhanced compensation arising from compulsory acquisition was not a separate right but part of the deceased's composite compensation entitlement, so it constituted property passing on death and was chargeable to estate duty. It further held that the valuation error was apparent from the record because the original assessment had been based on the acquisition award and the subsequent enhancement altered that basis without requiring a debatable fresh inquiry. Case-Laws Income Tax Tue, 16 Nov 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8711