Opinion expressed by Board of Revenue was held to be "information"
Jun. 21, 2016
Nizam of Hyderabad created a trust, and property passed to his step sister and on her death became liable to estate duty. Assistant Controller issued notice u/s 59 that property chargeable had escaped assessment by reason of undervaluation. High Court held that Revenue had no jurisdiction u/s 59 to reopen a matter which had been completed and which had become final before 1-7-1960. Supreme Court remanded the case to High Court.-010784