Exclusion for corruption-derived income bars declarations under the income declaration scheme and renders them void. Declarations of undisclosed income derived from corrupt activities are excluded from the Income Declaration Scheme; such declarations constitute misrepresentation and are void under the Scheme, and the undisclosed income will be subject to the regular provisions of the Income-tax law as with other undisclosed income.
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.
Exclusion for corruption-derived income bars declarations under the income declaration scheme and renders them void.
Declarations of undisclosed income derived from corrupt activities are excluded from the Income Declaration Scheme; such declarations constitute misrepresentation and are void under the Scheme, and the undisclosed income will be subject to the regular provisions of the Income-tax law as with other undisclosed income.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.