Amnesty scheme extension confirms conditions apply to returns of income and wealth for the current and earlier assessment years. The Circular amends the concluding sentence of Circular No. 472 to state that the conditions laid down in the earlier circulars will apply to returns of income and returns of wealth for the assessment year 1986-87 and for earlier assessment years, thereby confirming the temporal scope of the amnesty scheme under the Income-tax and Wealth-tax Acts.
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Amnesty scheme extension confirms conditions apply to returns of income and wealth for the current and earlier assessment years.
The Circular amends the concluding sentence of Circular No. 472 to state that the conditions laid down in the earlier circulars will apply to returns of income and returns of wealth for the assessment year 1986-87 and for earlier assessment years, thereby confirming the temporal scope of the amnesty scheme under the Income-tax and Wealth-tax Acts.
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