Estate Duty - Timely filing of returns. - Income Tax - 1460/CBDT

INSTRUCTION NO. 1460/CBDT Dated: March 29, 1982 Attention is invited to instruction No.395 issued from F.No.313/15/72-ED dated 18-3-72 wherein the board had desired that the Assistant controller of Estate duty should take timely action on the applications of the accountable persons for extension of time for filing estate duty returns. It was pointed out that since there is no provision for charging of interest for the period of late submission of estate duty return except when extension of time to submit the same is allowed at the request of the accountable person, delay in disposing of such applications may result in loss of interest. 2. Instances have come to the notice of the board where the Assistant controllers of Estate Duty did not take prompt steps to dispose of applications for extension of time made by the accountable persons leading to avoidable loss of revenue. 3. In view of the above it should be ensured that the above instructions are strictly followed by all the officers working in your charge.