https://www.taxtmi.com/caselaws?id=21065 Interest under section 70 of the Estate Duty Act could be imposed only when recovery of estate duty was validly postponed on terms fixed at the time of the instalment concession, including the rate of interest. Where instalments were allowed without specifying interest terms, and the assessed duty was later paid in stages, there was no legal basis for a subsequent levy after the demand had been discharged. The Gauhati HC held that the later order levying interest was without jurisdiction and quashed it. en-us Tue, 23 Feb 1993 00:00:00 +0530 Thu, 19 Nov 2009 17:32:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21065 Interest under section 70 of the Estate Duty Act could be imposed only when recovery of estate duty was validly postponed on terms fixed at the time of the instalment concession, including the rate of interest. Where instalments were allowed without specifying interest terms, and the assessed duty was later paid in stages, there was no legal basis for a subsequent levy after the demand had been discharged. The Gauhati HC held that the later order levying interest was without jurisdiction and quashed it. Case-Laws Income Tax Tue, 23 Feb 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21065