https://www.taxtmi.com/caselaws?id=17271 The court held that Section 64 of the Finance Act, 1997, is constitutionally valid and grants concessions to undisclosed income declared during the VDIS period. It clarified that income not disclosed within specified notice periods before the scheme's commencement is ineligible for benefits. The court ruled that benefits are denied to income detected during search operations, requisitions, or surveys, but undisclosed income not detected during such operations remains eligible for VDIS benefits. The court directed respondents to accept voluntary disclosures meeting these criteria and dismissed the writ petition, with the application for appeal to the Supreme Court rejected. en-us Mon, 29 Dec 1997 00:00:00 +0530 Mon, 21 Sep 2009 12:40:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17271 The court held that Section 64 of the Finance Act, 1997, is constitutionally valid and grants concessions to undisclosed income declared during the VDIS period. It clarified that income not disclosed within specified notice periods before the scheme's commencement is ineligible for benefits. The court ruled that benefits are denied to income detected during search operations, requisitions, or surveys, but undisclosed income not detected during such operations remains eligible for VDIS benefits. The court directed respondents to accept voluntary disclosures meeting these criteria and dismissed the writ petition, with the application for appeal to the Supreme Court rejected. Case-Laws Income Tax Mon, 29 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17271