https://www.taxtmi.com/caselaws?id=10351 Immunity under section 15 of the Voluntary Disclosure of Income and Wealth Act, 1976 is personal to the declarant and applies only to the person who made the disclosure. Where the declaration was made by an individual, that protection could not be transferred to a Hindu undivided family treated as a separate assessee under the wealth-tax law. The statutory scheme did not support the view that immunity attached to the disclosed wealth regardless of the taxable entity in whose hands it was considered. On that basis, the cancellation of penalties under section 18(1)(a) of the Wealth-tax Act, 1957 was not sustainable for the years in question. en-us Wed, 11 Aug 2004 00:00:00 +0530 Tue, 14 Jul 2009 09:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10351 Immunity under section 15 of the Voluntary Disclosure of Income and Wealth Act, 1976 is personal to the declarant and applies only to the person who made the disclosure. Where the declaration was made by an individual, that protection could not be transferred to a Hindu undivided family treated as a separate assessee under the wealth-tax law. The statutory scheme did not support the view that immunity attached to the disclosed wealth regardless of the taxable entity in whose hands it was considered. On that basis, the cancellation of penalties under section 18(1)(a) of the Wealth-tax Act, 1957 was not sustainable for the years in question. Case-Laws Wealth-tax Wed, 11 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10351