1992 (2) TMI 53

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....to quash exhibits P-22 and P-26. By the former, the Revenue declined to accept shares offered by the petitioner in settlement of his tax liability and, by the latter, it fixed Rs. 130 as the value of a share in the event of a decision to accept shares in lieu of tax liability. The petitioner is the accountable person in whose hands the estate of the deceased person is sought to be assessed to e....

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....ossible to accept the 200 shares and apply them against the duty payable by him. Again, there was prolonged correspondence. To cut a long story short, by exhibit P-26, the third respondent informed the petitioner that the shares could be accepted, if at all, fixing the value of a share at Rs. 130. Counsel for petitioner submitted, and fairly too, that the Central Government or the Controller of....