https://www.taxtmi.com/caselaws?id=40017 Section 52(1) of the Estate Duty Act is an enabling provision and does not compel the Government to accept property in satisfaction of estate duty. Because acceptance depends on an agreed price and the statutory scheme permits administrative choice, the power is discretionary rather than mandatory. However, the discretion must be exercised bona fide, on relevant considerations, and not arbitrarily or capriciously. On the facts discussed by the SC, the rejection was not shown to reflect a proper lawful evaluation, so the matter required fresh consideration in accordance with law, without imposing any obligation to accept the property. en-us Thu, 23 Apr 1981 00:00:00 +0530 Sat, 02 Aug 2014 09:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40017 Section 52(1) of the Estate Duty Act is an enabling provision and does not compel the Government to accept property in satisfaction of estate duty. Because acceptance depends on an agreed price and the statutory scheme permits administrative choice, the power is discretionary rather than mandatory. However, the discretion must be exercised bona fide, on relevant considerations, and not arbitrarily or capriciously. On the facts discussed by the SC, the rejection was not shown to reflect a proper lawful evaluation, so the matter required fresh consideration in accordance with law, without imposing any obligation to accept the property. Case-Laws Indian Laws Thu, 23 Apr 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40017