Declaration not admissible in evidence: voluntary disclosure cannot be used for penalty or prosecution in tax and company matters. A declaration made under the voluntary disclosure scheme cannot be admitted in evidence against the declarant for purposes of imposition of penalty or for prosecution under taxation statutes, foreign exchange regulation law, or company law; the provision functions as an exclusionary rule protecting disclosures from use in penalty or criminal proceedings.
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.
Declaration not admissible in evidence: voluntary disclosure cannot be used for penalty or prosecution in tax and company matters.
A declaration made under the voluntary disclosure scheme cannot be admitted in evidence against the declarant for purposes of imposition of penalty or for prosecution under taxation statutes, foreign exchange regulation law, or company law; the provision functions as an exclusionary rule protecting disclosures from use in penalty or criminal proceedings.
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