https://www.taxtmi.com/caselaws?id=111478 Voluntary disclosure made under the Voluntary Disclosure of Income Scheme, 1997 carried immunity from prosecution in respect of the declared income. Once the income was disclosed, tax was remitted, and the amount was brought into the books in accordance with the scheme, criminal proceedings founded on the same disclosure could not be sustained because they would defeat the object of the immunity clause. On that basis, prosecution under the Companies Act, 1956 was held unsustainable and quashed. en-us Wed, 31 Jan 2007 00:00:00 +0530 Mon, 23 Apr 2012 16:49:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111478 Voluntary disclosure made under the Voluntary Disclosure of Income Scheme, 1997 carried immunity from prosecution in respect of the declared income. Once the income was disclosed, tax was remitted, and the amount was brought into the books in accordance with the scheme, criminal proceedings founded on the same disclosure could not be sustained because they would defeat the object of the immunity clause. On that basis, prosecution under the Companies Act, 1956 was held unsustainable and quashed. Case-Laws Companies Law Wed, 31 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111478