https://www.taxtmi.com/caselaws?id=39934 Section 59(b) of the Estate Duty Act, 1953 permits reassessment only when the Controller receives fresh information that leads to a reasonable belief that estate duty has escaped assessment. A mere reappraisal of the same valuation material, or an appellate authority's unimplemented opinion on that valuation, does not supply new information. The Court distinguished between genuinely new facts and a change of view on existing facts, holding that the latter cannot justify reopening completed proceedings. A mere expression of opinion by the Central Board of Revenue therefore does not constitute information within section 59(b). en-us Thu, 02 Jul 1964 00:00:00 +0530 Fri, 22 Aug 2014 12:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39934 Section 59(b) of the Estate Duty Act, 1953 permits reassessment only when the Controller receives fresh information that leads to a reasonable belief that estate duty has escaped assessment. A mere reappraisal of the same valuation material, or an appellate authority's unimplemented opinion on that valuation, does not supply new information. The Court distinguished between genuinely new facts and a change of view on existing facts, holding that the latter cannot justify reopening completed proceedings. A mere expression of opinion by the Central Board of Revenue therefore does not constitute information within section 59(b). Case-Laws Income Tax Thu, 02 Jul 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39934