https://www.taxtmi.com/circulars?id=4848 The circular prescribes that taxpayers making voluntary disclosures of concealed income or wealth must fully disclose amounts, file or re-file returns for the relevant years and produce evidence of tax payment within the immunity period; completed assessments require approach to the Commissioner, pending assessments require revised returns, and declarations made before detection attract immunity from penalty and prosecution provided the taxpayer admits the truth and pays taxes, subject to exclusions such as prior departmental detection and unaffected liabilities like compulsory deposits and estate duty. en-us Mon, 17 Feb 1986 00:00:00 +0530 Mon, 04 Aug 2008 12:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4848 The circular prescribes that taxpayers making voluntary disclosures of concealed income or wealth must fully disclose amounts, file or re-file returns for the relevant years and produce evidence of tax payment within the immunity period; completed assessments require approach to the Commissioner, pending assessments require revised returns, and declarations made before detection attract immunity from penalty and prosecution provided the taxpayer admits the truth and pays taxes, subject to exclusions such as prior departmental detection and unaffected liabilities like compulsory deposits and estate duty. Circulars Income Tax Mon, 17 Feb 1986 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4848