https://www.taxtmi.com/caselaws?id=20011 Section 70 of the Estate Duty Act, 1953 permits interest where payment of estate duty is postponed, and its operation is not confined to final assessment. The statutory scheme of provisional assessment under section 57 and regular assessment under section 58 shows that estate duty becomes due from the date of death, while section 70 authorises deferred payment on terms where immediate recovery would cause excessive sacrifice. Interest may therefore be levied on the postponed amount even when the liability arises from provisional assessment and payment is allowed later by agreement. en-us Tue, 24 Aug 1993 00:00:00 +0530 Wed, 11 Nov 2009 11:24:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20011 Section 70 of the Estate Duty Act, 1953 permits interest where payment of estate duty is postponed, and its operation is not confined to final assessment. The statutory scheme of provisional assessment under section 57 and regular assessment under section 58 shows that estate duty becomes due from the date of death, while section 70 authorises deferred payment on terms where immediate recovery would cause excessive sacrifice. Interest may therefore be levied on the postponed amount even when the liability arises from provisional assessment and payment is allowed later by agreement. Case-Laws Income Tax Tue, 24 Aug 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20011