https://www.taxtmi.com/caselaws?id=19401 Immunity under the Voluntary Disclosure of Income and Wealth Act, 1976 is confined to the declarant, and does not extend to another assessee whose books contain a corresponding credit entry. The partner's disclosure therefore did not prevent the income-tax authorities from examining the genuineness and source of the credit in the firm's assessment. Sections 8 and 18 were read as limiting the benefit, concession and immunity to the person who made the voluntary disclosure. Applying earlier Supreme Court authorities on similar disclosure schemes, the court held that the revenue may independently investigate whether the credit is explained and treat it as unexplained if the explanation fails. en-us Wed, 09 Nov 1994 00:00:00 +0530 Thu, 05 Nov 2009 18:31:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19401 Immunity under the Voluntary Disclosure of Income and Wealth Act, 1976 is confined to the declarant, and does not extend to another assessee whose books contain a corresponding credit entry. The partner's disclosure therefore did not prevent the income-tax authorities from examining the genuineness and source of the credit in the firm's assessment. Sections 8 and 18 were read as limiting the benefit, concession and immunity to the person who made the voluntary disclosure. Applying earlier Supreme Court authorities on similar disclosure schemes, the court held that the revenue may independently investigate whether the credit is explained and treat it as unexplained if the explanation fails. Case-Laws Income Tax Wed, 09 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19401