https://www.taxtmi.com/caselaws?id=11903 The court held that the assessee was not entitled to immunity under the voluntary disclosure scheme due to lack of good faith and cooperation. The court found that the disclosure was not voluntary and made in good faith, as the assessee's actions indicated a lack of bona fides. Additionally, the court remanded the matter to decide on the imposition of penalties under relevant sections of the Income-tax Act, emphasizing the importance of full and true disclosure for claiming immunity under the scheme. Ultimately, the court ruled in favor of the Revenue, highlighting the necessity of meeting the scheme's requirements for immunity. en-us Mon, 10 Feb 2003 00:00:00 +0530 Wed, 20 Dec 2017 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11903 The court held that the assessee was not entitled to immunity under the voluntary disclosure scheme due to lack of good faith and cooperation. The court found that the disclosure was not voluntary and made in good faith, as the assessee's actions indicated a lack of bona fides. Additionally, the court remanded the matter to decide on the imposition of penalties under relevant sections of the Income-tax Act, emphasizing the importance of full and true disclosure for claiming immunity under the scheme. Ultimately, the court ruled in favor of the Revenue, highlighting the necessity of meeting the scheme's requirements for immunity. Case-Laws Income Tax Mon, 10 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11903