https://www.taxtmi.com/caselaws?id=21577 Where the revenue fixed a value for shares for possible acceptance in discharge of estate duty liability under the statutory arrangement, the Court held that fairness and consistency required the same value to be adopted in the estate valuation for taxation purposes unless a contrary statutory basis existed. The petitioner could not compel acceptance of the shares by mandamus, as acceptance depended on Government agreement, but the assessment nonetheless had to be revised because it valued the shares higher than the value later fixed for the proposed transfer. The writ petition succeeded to that extent, with the assessment directed to align with the later valuation. en-us Tue, 11 Feb 1992 00:00:00 +0530 Wed, 25 Nov 2009 15:35:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21577 Where the revenue fixed a value for shares for possible acceptance in discharge of estate duty liability under the statutory arrangement, the Court held that fairness and consistency required the same value to be adopted in the estate valuation for taxation purposes unless a contrary statutory basis existed. The petitioner could not compel acceptance of the shares by mandamus, as acceptance depended on Government agreement, but the assessment nonetheless had to be revised because it valued the shares higher than the value later fixed for the proposed transfer. The writ petition succeeded to that extent, with the assessment directed to align with the later valuation. Case-Laws Income Tax Tue, 11 Feb 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21577