https://www.taxtmi.com/caselaws?id=120442 Retracted declarations under the Voluntary Disclosure of Income Scheme, 1997 cannot alone establish undisclosed income. Once withdrawn, such a declaration remains relevant but requires proof that it was voluntary and independent corroborative material; without that support, it is only a basis for further inquiry and the related income addition fails. Telescoping of bank deposits against declared cash depends on the continued existence of the foundational cash addition. Where that addition is deleted, unexplained bank credits must be assessed independently and may be added if no satisfactory explanation is provided. en-us Fri, 08 Aug 2008 00:00:00 +0530 Thu, 19 Jul 2012 13:35:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120442 Retracted declarations under the Voluntary Disclosure of Income Scheme, 1997 cannot alone establish undisclosed income. Once withdrawn, such a declaration remains relevant but requires proof that it was voluntary and independent corroborative material; without that support, it is only a basis for further inquiry and the related income addition fails. Telescoping of bank deposits against declared cash depends on the continued existence of the foundational cash addition. Where that addition is deleted, unexplained bank credits must be assessed independently and may be added if no satisfactory explanation is provided. Case-Laws Income Tax Fri, 08 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120442