https://www.taxtmi.com/caselaws?id=36793 Interest under section 70 of the Estate Duty Act, 1953 could be levied only pursuant to a valid statutory order permitting postponement or instalment payment on the prescribed terms. The High Court noted that no effective order under section 70(1) existed, and the consent arrangement for instalments did not specify interest or satisfy section 70(2). As the estate duty had already been paid, there was no outstanding liability on which interest could be charged. The Court also held that section 61 rectification could not be invoked because there was no mistake apparent from the record. The demand for interest was therefore set aside. en-us Wed, 07 Nov 1979 00:00:00 +0530 Wed, 24 Mar 2010 15:54:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36793 Interest under section 70 of the Estate Duty Act, 1953 could be levied only pursuant to a valid statutory order permitting postponement or instalment payment on the prescribed terms. The High Court noted that no effective order under section 70(1) existed, and the consent arrangement for instalments did not specify interest or satisfy section 70(2). As the estate duty had already been paid, there was no outstanding liability on which interest could be charged. The Court also held that section 61 rectification could not be invoked because there was no mistake apparent from the record. The demand for interest was therefore set aside. Case-Laws Income Tax Wed, 07 Nov 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36793