https://www.taxtmi.com/caselaws?id=15879 Reopening of estate duty assessment under section 59(b) requires fresh information coming to the assessing authority after the original assessment; it cannot rest on a mere change of opinion about facts already disclosed. Because the land value had already been disclosed in the estate duty proceedings and the higher figure in wealth-tax proceedings flowed from a different valuation rule, no external new information was available, so the reassessment was unjustified and its cancellation was sustained. By contrast, the Tribunal's presumption that the original order fell under section 59(a) was supported by material and was not arbitrary, leaving the accountable person's position intact. en-us Tue, 20 Jul 1999 00:00:00 +0530 Sat, 29 Aug 2009 16:30:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15879 Reopening of estate duty assessment under section 59(b) requires fresh information coming to the assessing authority after the original assessment; it cannot rest on a mere change of opinion about facts already disclosed. Because the land value had already been disclosed in the estate duty proceedings and the higher figure in wealth-tax proceedings flowed from a different valuation rule, no external new information was available, so the reassessment was unjustified and its cancellation was sustained. By contrast, the Tribunal's presumption that the original order fell under section 59(a) was supported by material and was not arbitrary, leaving the accountable person's position intact. Case-Laws Income Tax Tue, 20 Jul 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15879