https://www.taxtmi.com/caselaws?id=68999 Voluntary disclosure under the Voluntary Disclosure of Income and Wealth Act, 1976 applied only to income already chargeable to tax that had escaped assessment or was not properly disclosed. A declaration made in December 1975 could not be fastened to assessment year 1976-77 where that return period had not yet arisen, and the form did not require mandatory mention of the assessment year. The confidential nature of declarations also limited enquiry into the declaration itself. On the available material, the reference to assessment year 1976-77 was treated as an obvious mistake, so the disclosed income was regarded as relating to an earlier year covered by the scheme. en-us Thu, 09 Jul 1987 00:00:00 +0530 Mon, 04 Apr 2011 14:16:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68999 Voluntary disclosure under the Voluntary Disclosure of Income and Wealth Act, 1976 applied only to income already chargeable to tax that had escaped assessment or was not properly disclosed. A declaration made in December 1975 could not be fastened to assessment year 1976-77 where that return period had not yet arisen, and the form did not require mandatory mention of the assessment year. The confidential nature of declarations also limited enquiry into the declaration itself. On the available material, the reference to assessment year 1976-77 was treated as an obvious mistake, so the disclosed income was regarded as relating to an earlier year covered by the scheme. Case-Laws Income Tax Thu, 09 Jul 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68999