https://www.taxtmi.com/caselaws?id=37241 Penalty for concealment under Section 60(1)(c) of the Estate Duty Act, 1953 is confined to property the deceased actually died possessed of. Where the property had been transferred or settled during the deceased's lifetime, it could be brought into assessment only by the deeming fiction in Section 9, and that fiction could not be extended to impose penalty absent express words. The same limit applies whether the allegation is total nondisclosure or inaccurate valuation. On these facts, penalty was not leviable. en-us Tue, 13 Mar 1979 00:00:00 +0530 Sat, 27 Mar 2010 15:55:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37241 Penalty for concealment under Section 60(1)(c) of the Estate Duty Act, 1953 is confined to property the deceased actually died possessed of. Where the property had been transferred or settled during the deceased's lifetime, it could be brought into assessment only by the deeming fiction in Section 9, and that fiction could not be extended to impose penalty absent express words. The same limit applies whether the allegation is total nondisclosure or inaccurate valuation. On these facts, penalty was not leviable. Case-Laws Income Tax Tue, 13 Mar 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37241