https://www.taxtmi.com/caselaws?id=11839 A voluntary disclosure certificate under the 1997 Scheme was said to be vulnerable where the declaration rested on a fictitious leasing transaction and income linked to a search under section 132. The text states that the Scheme's exclusion for search-related income, together with the CBDT clarification, prevented its use for income discovered in search proceedings. It further notes that the issuing authority retained power to cancel a certificate obtained by fraud or falsehood, so a certificate based on an incorrect declaration could be recalled and the consequent reassessment notices treated as valid. en-us Tue, 27 May 2003 00:00:00 +0530 Tue, 09 Feb 2010 18:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11839 A voluntary disclosure certificate under the 1997 Scheme was said to be vulnerable where the declaration rested on a fictitious leasing transaction and income linked to a search under section 132. The text states that the Scheme's exclusion for search-related income, together with the CBDT clarification, prevented its use for income discovered in search proceedings. It further notes that the issuing authority retained power to cancel a certificate obtained by fraud or falsehood, so a certificate based on an incorrect declaration could be recalled and the consequent reassessment notices treated as valid. Case-Laws Income Tax Tue, 27 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11839