https://www.taxtmi.com/caselaws?id=14471 Interest was payable under section 6 of the Voluntary Disclosure of Income and Wealth Act, 1976 on tax due in respect of income disclosed under section 14, because the disclosure scheme had to be read with sections 14(5), 5 and 6 together. Section 5 required payment of at least half the tax by 31 March 1976 and the balance by 31 March 1977, while section 6 imposed simple interest at 12% per annum on unpaid tax after 31 March 1976. Section 14(5A) was treated as an additional benefit for declarants who cleared unpaid tax and interest by 1 January 1978, and the circular relied on addressed immunity only, not interest. en-us Mon, 22 Mar 1999 00:00:00 +0530 Thu, 16 Jul 2009 11:20:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14471 Interest was payable under section 6 of the Voluntary Disclosure of Income and Wealth Act, 1976 on tax due in respect of income disclosed under section 14, because the disclosure scheme had to be read with sections 14(5), 5 and 6 together. Section 5 required payment of at least half the tax by 31 March 1976 and the balance by 31 March 1977, while section 6 imposed simple interest at 12% per annum on unpaid tax after 31 March 1976. Section 14(5A) was treated as an additional benefit for declarants who cleared unpaid tax and interest by 1 January 1978, and the circular relied on addressed immunity only, not interest. Case-Laws Income Tax Mon, 22 Mar 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14471