Undisclosed income declaration bars reopening of completed tax assessments and prohibits claiming set off or relief. A declarant under the Income Declaration Scheme, 2016 is not entitled, in respect of undisclosed income declared or any tax and surcharge paid thereon, to re-open any assessment or reassessment made under the Income-tax Act or the Wealth-tax Act, 1957, nor to claim any set off or relief in any appeal, reference or other proceeding in relation to such assessment or reassessment.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Undisclosed income declaration bars reopening of completed tax assessments and prohibits claiming set off or relief.
A declarant under the Income Declaration Scheme, 2016 is not entitled, in respect of undisclosed income declared or any tax and surcharge paid thereon, to re-open any assessment or reassessment made under the Income-tax Act or the Wealth-tax Act, 1957, nor to claim any set off or relief in any appeal, reference or other proceeding in relation to such assessment or reassessment.
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