https://www.taxtmi.com/caselaws?id=212418 The High Court upheld the assessment under Section 147 and Section 69A of the Income Tax Act, confirming income escaping assessment for the assessment year 1998-99 based on undisclosed cash and gold disclosed under the Voluntary Disclosure of Income Scheme, 1997. The Court dismissed penalty proceedings under Section 271(1C) and directed the calculation of interest under Section 234A and 234B only for the relevant assessment year. en-us Thu, 17 Nov 2011 00:00:00 +0530 Sun, 15 Apr 2012 18:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212418 The High Court upheld the assessment under Section 147 and Section 69A of the Income Tax Act, confirming income escaping assessment for the assessment year 1998-99 based on undisclosed cash and gold disclosed under the Voluntary Disclosure of Income Scheme, 1997. The Court dismissed penalty proceedings under Section 271(1C) and directed the calculation of interest under Section 234A and 234B only for the relevant assessment year. Case-Laws Income Tax Thu, 17 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212418