Income-tax Officer's Voluntary Disclosure Scheme cash award taxable under Income-tax Act, 1961

The High Court of Delhi held that a cash award of Rs. 920 received by an Income-tax Officer under the Voluntary Disclosure Scheme is not exempt from taxation under section 10(17B) of the Income-tax Act, 1961. The judgment sided with the Revenue, rejecting the exemption based on precedent.

---

---

The High Court of Delhi ruled that a cash award of Rs. 920 given to an Income-tax Officer under the Voluntary Disclosure Scheme is not exempt from taxation under section 10(17B) of the Income-tax Act, 1961. The judgment favored the Revenue and denied the exemption, citing a previous case.

---