https://www.taxtmi.com/caselaws?id=329596 The High Court upheld the validity of block assessment proceedings under Section 158BD, finding the ITAT's decision justified. In another case, the Court affirmed the benefit of Voluntary Disclosure of Income Scheme (VDIS) 1997 to the assessee, in line with relevant legal principles. Immunity under Section 68 of the Finance Act, 1997 was upheld based on certificates issued under VDIS. The Court dismissed appeals and upheld the treatment of undisclosed income in the appellant's hands, emphasizing compliance with VDIS conditions for tax immunity. en-us Wed, 22 Jun 2016 00:00:00 +0530 Wed, 30 Aug 2017 15:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329596 The High Court upheld the validity of block assessment proceedings under Section 158BD, finding the ITAT's decision justified. In another case, the Court affirmed the benefit of Voluntary Disclosure of Income Scheme (VDIS) 1997 to the assessee, in line with relevant legal principles. Immunity under Section 68 of the Finance Act, 1997 was upheld based on certificates issued under VDIS. The Court dismissed appeals and upheld the treatment of undisclosed income in the appellant's hands, emphasizing compliance with VDIS conditions for tax immunity. Case-Laws Income Tax Wed, 22 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329596