Undisclosed income declarations barred for assessed income; eligible only for unassessed income in same year. A taxpayer cannot use the declaration scheme to declare income already assessed or reassessed under the Income-tax Act because the declarant is not entitled to re-open such assessments; however, the taxpayer may declare other undisclosed income for the same assessment year if that income has not been previously assessed.
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 declarations barred for assessed income; eligible only for unassessed income in same year.
A taxpayer cannot use the declaration scheme to declare income already assessed or reassessed under the Income-tax Act because the declarant is not entitled to re-open such assessments; however, the taxpayer may declare other undisclosed income for the same assessment year if that income has not been previously assessed.
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