https://www.taxtmi.com/caselaws?id=22970 A reassessment notice under section 59 of the Estate Duty Act, issued on the basis of an audit objection about property valuation, was held invalid. The Court treated section 59 as pari materia with the pre-1989 reassessment provision in section 147 of the Income-tax Act and applied the settled rule that an audit report is not information sufficient to reopen a concluded assessment. On that basis, the impugned notice could not lawfully sustain reopening and was quashed in favour of the assessee. en-us Thu, 22 Nov 1990 00:00:00 +0530 Tue, 15 Dec 2009 16:17:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22970 A reassessment notice under section 59 of the Estate Duty Act, issued on the basis of an audit objection about property valuation, was held invalid. The Court treated section 59 as pari materia with the pre-1989 reassessment provision in section 147 of the Income-tax Act and applied the settled rule that an audit report is not information sufficient to reopen a concluded assessment. On that basis, the impugned notice could not lawfully sustain reopening and was quashed in favour of the assessee. Case-Laws Income Tax Thu, 22 Nov 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22970