https://www.taxtmi.com/caselaws?id=5649 The constitutional validity of the Voluntary Disclosure of Income Scheme, 1997 was upheld, and the challenge was rejected. The Supreme Court accepted the Bombay High Court's reasoning and noted the Government's anti-evasion measures, including intensified search and survey action under the Income-tax Act, enhanced penalties and prosecution for detected undisclosed income, administrative steps such as PAN issuance and computerisation, and the Scheme's assurance of confidentiality for voluntary disclosures. On that basis, the Court declined to interfere with the High Court's conclusion, and the special leave petition was dismissed, leaving the Scheme affirmed. en-us Mon, 20 Oct 1997 00:00:00 +0530 Thu, 27 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5649 The constitutional validity of the Voluntary Disclosure of Income Scheme, 1997 was upheld, and the challenge was rejected. The Supreme Court accepted the Bombay High Court's reasoning and noted the Government's anti-evasion measures, including intensified search and survey action under the Income-tax Act, enhanced penalties and prosecution for detected undisclosed income, administrative steps such as PAN issuance and computerisation, and the Scheme's assurance of confidentiality for voluntary disclosures. On that basis, the Court declined to interfere with the High Court's conclusion, and the special leave petition was dismissed, leaving the Scheme affirmed. Case-Laws Income Tax Mon, 20 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5649