Undisclosed income declaration under scheme bars reopening assessments and claiming relief in prior tax proceedings. A declarant who pays tax and surcharge on undisclosed income under the scheme is barred from reopening any assessment or reassessment and from claiming set-off or relief in any appeal, reference, or other proceeding relating to those completed assessments.
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 under scheme bars reopening assessments and claiming relief in prior tax proceedings.
A declarant who pays tax and surcharge on undisclosed income under the scheme is barred from reopening any assessment or reassessment and from claiming set-off or relief in any appeal, reference, or other proceeding relating to those completed assessments.
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