https://www.taxtmi.com/caselaws?id=56617 Estate duty assessment was not invalidated by delay because the Act prescribed no express limitation period and reasonableness had to be judged on the facts, including the estate's complexity and the accountable persons' own requests for time; the assessment was sustained. Valuation reductions for immovable property, unquoted shares and book debts were supported by the surrounding evidence, accepted valuation methods and the factual history of the assets; those reliefs were upheld. Certain liability deductions required fuller examination, so the items of Rs. 41,065 and Rs. 43,000 were remitted for fresh disposal after hearing both sides, while the remaining liability reliefs were maintained. en-us Tue, 25 Aug 1987 00:00:00 +0530 Sat, 04 Dec 2010 18:37:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56617 Estate duty assessment was not invalidated by delay because the Act prescribed no express limitation period and reasonableness had to be judged on the facts, including the estate's complexity and the accountable persons' own requests for time; the assessment was sustained. Valuation reductions for immovable property, unquoted shares and book debts were supported by the surrounding evidence, accepted valuation methods and the factual history of the assets; those reliefs were upheld. Certain liability deductions required fuller examination, so the items of Rs. 41,065 and Rs. 43,000 were remitted for fresh disposal after hearing both sides, while the remaining liability reliefs were maintained. Case-Laws Income Tax Tue, 25 Aug 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56617