https://www.taxtmi.com/caselaws?id=18153 Under the voluntary disclosure scheme, immunity from penalty extended to the entire wealth disclosed where the earlier returns were not filed in response to Wealth-tax Act notices and the relevant assessment had not been completed before the later declaration. The scheme's apportionment proviso applied only where the wealth for the relevant year had already been finally assessed before disclosure. On the stated facts, the subsequent introduction of section 15(5A) also supported the view that prior non-payment did not deny protection. The penalty could not be split between earlier and later returns. en-us Tue, 09 Apr 1996 00:00:00 +0530 Tue, 29 Sep 2009 11:41:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18153 Under the voluntary disclosure scheme, immunity from penalty extended to the entire wealth disclosed where the earlier returns were not filed in response to Wealth-tax Act notices and the relevant assessment had not been completed before the later declaration. The scheme's apportionment proviso applied only where the wealth for the relevant year had already been finally assessed before disclosure. On the stated facts, the subsequent introduction of section 15(5A) also supported the view that prior non-payment did not deny protection. The penalty could not be split between earlier and later returns. Case-Laws Wealth-tax Tue, 09 Apr 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18153