https://www.taxtmi.com/caselaws?id=22189 Income voluntarily disclosed under the special disclosure scheme remained chargeable under the Income-tax Act, and the disclosed amount had to be computed in accordance with that Act in reassessment. The scheme did not allow the assessee to import a deduction otherwise barred by law or to alter the statutory computation of income. As a result, speculation loss could not be set off against the disclosed business income, and the issue was answered against the assessee. en-us Wed, 20 Dec 1989 00:00:00 +0530 Mon, 07 Dec 2009 18:42:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22189 Income voluntarily disclosed under the special disclosure scheme remained chargeable under the Income-tax Act, and the disclosed amount had to be computed in accordance with that Act in reassessment. The scheme did not allow the assessee to import a deduction otherwise barred by law or to alter the statutory computation of income. As a result, speculation loss could not be set off against the disclosed business income, and the issue was answered against the assessee. Case-Laws Income Tax Wed, 20 Dec 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22189