https://www.taxtmi.com/circulars?id=9727 Where a taxpayer's high Advance Tax estimate reflects accumulated untaxed income of prior years, officers should treat voluntary declarations sympathetically and avoid reopening earlier assessments unless material in their possession affirmatively shows past evasion that cannot be accounted for by the taxpayer's current-year estimates; this liberal approach is principally applicable where concealment in earlier years is not evidenced by tangible assets. en-us Tue, 02 Dec 1986 00:00:00 +0530 Wed, 08 Jun 2011 17:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9727 Where a taxpayer's high Advance Tax estimate reflects accumulated untaxed income of prior years, officers should treat voluntary declarations sympathetically and avoid reopening earlier assessments unless material in their possession affirmatively shows past evasion that cannot be accounted for by the taxpayer's current-year estimates; this liberal approach is principally applicable where concealment in earlier years is not evidenced by tangible assets. Circulars Income Tax Tue, 02 Dec 1986 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9727