https://www.taxtmi.com/caselaws?id=22462 Section 70(1) of the Estate Duty Act, 1953 authorises interest on estate duty when payment is postponed, including where duty assessed provisionally is allowed to be paid in instalments. The provision is not confined to final assessments and applies to any deferred payment of estate duty. A contrary precedent concerning rectification under section 61 and interest under section 70(2) after regular assessment was distinguishable and did not bar the levy. Interest under section 70(1) was therefore validly chargeable on the postponed payment arising from the provisional assessment. en-us Tue, 05 Feb 1991 00:00:00 +0530 Thu, 10 Dec 2009 12:16:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22462 Section 70(1) of the Estate Duty Act, 1953 authorises interest on estate duty when payment is postponed, including where duty assessed provisionally is allowed to be paid in instalments. The provision is not confined to final assessments and applies to any deferred payment of estate duty. A contrary precedent concerning rectification under section 61 and interest under section 70(2) after regular assessment was distinguishable and did not bar the levy. Interest under section 70(1) was therefore validly chargeable on the postponed payment arising from the provisional assessment. Case-Laws Income Tax Tue, 05 Feb 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22462