Voluntary disclosure of income bars reopening assessments and claiming set-off or relief in related proceedings. Voluntary disclosure of income bars the declarant from reopening any assessment or reassessment under the Income-tax Act or the Wealth-tax Act, and forbids claiming set-off or relief in any appeal, reference, or other proceeding in relation to such assessments or reassessments in respect of the disclosed income or tax paid thereon.
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.
Voluntary disclosure of income bars reopening assessments and claiming set-off or relief in related proceedings.
Voluntary disclosure of income bars the declarant from reopening any assessment or reassessment under the Income-tax Act or the Wealth-tax Act, and forbids claiming set-off or relief in any appeal, reference, or other proceeding in relation to such assessments or reassessments in respect of the disclosed income or tax paid thereon.
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