https://www.taxtmi.com/circulars?id=10158 When an assessee's claimed spread over of voluntarily disclosed income is accepted by the Department as income and assets for particular assessment years, the tax payable on that disclosed income should be allowed as a deduction from net wealth for the valuation dates relevant to those years; the same deduction applies in estate assessments where the income forms part of the estate. en-us Thu, 14 Feb 1974 00:00:00 +0530 Sat, 11 Jun 2011 12:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10158 When an assessee's claimed spread over of voluntarily disclosed income is accepted by the Department as income and assets for particular assessment years, the tax payable on that disclosed income should be allowed as a deduction from net wealth for the valuation dates relevant to those years; the same deduction applies in estate assessments where the income forms part of the estate. Circulars Income Tax Thu, 14 Feb 1974 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10158