https://www.taxtmi.com/caselaws?id=26637 An audit note and a later departmental instruction on valuation did not amount to "information" for reopening an estate duty assessment under section 59(b) of the Estate Duty Act, 1953. The High Court held that an audit party's opinion on a point of law, or a mere change of view on the correct legal position, cannot by itself justify reassessment; reopening requires fresh factual or legal information not already available to the assessing authority. On that basis, the reassessment notice was held bad in law and the challenge to reopening succeeded. en-us Mon, 03 Jun 1985 00:00:00 +0530 Sat, 06 Feb 2010 14:27:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26637 An audit note and a later departmental instruction on valuation did not amount to "information" for reopening an estate duty assessment under section 59(b) of the Estate Duty Act, 1953. The High Court held that an audit party's opinion on a point of law, or a mere change of view on the correct legal position, cannot by itself justify reassessment; reopening requires fresh factual or legal information not already available to the assessing authority. On that basis, the reassessment notice was held bad in law and the challenge to reopening succeeded. Case-Laws Income Tax Mon, 03 Jun 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26637