https://www.taxtmi.com/caselaws?id=187626 Income covered by a valid and subsisting Voluntary Disclosure of Income Scheme, 1997 certificate cannot be reassessed in the hands of another person once it has been accepted and taxed under the Scheme. The certificate under the Scheme operates to exclude the disclosed income from the declarant's total income for assessment purposes so long as it remains in force. If the certificate was procured by misrepresentation, the lawful course is recall of the certificate; absent such recall, a second assessment on the same income is impermissible. The Court therefore protected the assessee from repeat taxation of the disclosed income. en-us Tue, 08 Jul 2014 00:00:00 +0530 Fri, 28 Oct 2016 17:35:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187626 Income covered by a valid and subsisting Voluntary Disclosure of Income Scheme, 1997 certificate cannot be reassessed in the hands of another person once it has been accepted and taxed under the Scheme. The certificate under the Scheme operates to exclude the disclosed income from the declarant's total income for assessment purposes so long as it remains in force. If the certificate was procured by misrepresentation, the lawful course is recall of the certificate; absent such recall, a second assessment on the same income is impermissible. The Court therefore protected the assessee from repeat taxation of the disclosed income. Case-Laws Income Tax Tue, 08 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187626