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4. The trustees had not delivered any account, in the prescribed form and verified in the prescribed manner, of all the properties passing on the death of the deceased, as required by Section 53(3) of the Act. A notice under Section 55 was issued on 21 st January, 1964, to the trustees. After repeated remainders the surviving trustee, Sachidanandam, filed an account on 4th July, 1964, disclosing the principal value of the deceased's estate at Rs. 89,117. As this statement was not in the prescribed form, he was requested to file an account in the prescribed form. But this request was not complied with. On 31st July, 1968, the Assistant Controller made the assessment determining the principal value of the estate of the deceased to the best of his judgment on the information available from the records. He determined the principal value of the estate as Rs. 4,37,433 and levied Rs. 42,61495 as duty. In arriving at the principal value, he took the capital of the deceased in the businesses at an estimated figure of Rs. 1,80,000 and the value of the Adayar and Lattice Bridge properties at Rs. 67,000 and Rs. 1,50,000 respectively.