Estate Duty Act-Scope of the word 'Information ' in Sec. 59(B).

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e Duty Act an assessment can be reopened if the Controller of Estate Duty has in consequence of any information in his possession reason to believe that there has been some escapement of estate duty. The provision is analogous to the provision contained in Sec.147(b) of the I.T.Act. It has been held that information may be as to a fact or as to the state of law. In the context of Boards Instructio....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....istry of law to whom this point was referred also draw attention to the Supreme Courts observation in that case that "that part of the note of an audit party which mentions the law which escaped the notice of the I.T.O. constitutes information within the meaning of sec.147(b) ". A communication pointing out a statutory provision which has been overlooked might constitute information on a point of ....