https://www.taxtmi.com/caselaws?id=5432 A declaration of concealed income made after a search seizure was not accepted under section 3 of the Voluntary Disclosure of Income and Wealth Act, 1976, because section 3(2) expressly excludes declarations relating to a previous year in which assets or books were seized under section 132 of the Income-tax Act, 1961. That exclusion was treated as substantive, reflecting that a post-seizure filing is not a truly voluntary disclosure once concealment has been exposed. Such cases fall instead within section 14, which applies where seizure has already occurred and grants only the limited benefits available thereunder. The declaration was therefore inadmissible under section 3. en-us Wed, 08 Sep 1993 00:00:00 +0530 Mon, 24 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5432 A declaration of concealed income made after a search seizure was not accepted under section 3 of the Voluntary Disclosure of Income and Wealth Act, 1976, because section 3(2) expressly excludes declarations relating to a previous year in which assets or books were seized under section 132 of the Income-tax Act, 1961. That exclusion was treated as substantive, reflecting that a post-seizure filing is not a truly voluntary disclosure once concealment has been exposed. Such cases fall instead within section 14, which applies where seizure has already occurred and grants only the limited benefits available thereunder. The declaration was therefore inadmissible under section 3. Case-Laws Income Tax Wed, 08 Sep 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5432