https://www.taxtmi.com/caselaws?id=23468 A declaration under the Amnesty Scheme gives immunity only to the declarant for income actually belonging to that person; it does not bar tax from examining, in another assessee's assessment, whether credits in its books are in fact unexplained income. The statutory fiction created by the Scheme is limited and cannot override enquiry under section 68 of the Income-tax Act, 1961. The assessee-firm may still establish before the Assessing Officer that the credits were genuine deposits of the named persons and not its own undisclosed income. Accordingly, a notice under section 143(2) was not without jurisdiction merely because the amounts had earlier been declared and taxed under the Amnesty Scheme. en-us Mon, 11 Dec 1989 00:00:00 +0530 Sat, 19 Dec 2009 15:12:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23468 A declaration under the Amnesty Scheme gives immunity only to the declarant for income actually belonging to that person; it does not bar tax from examining, in another assessee's assessment, whether credits in its books are in fact unexplained income. The statutory fiction created by the Scheme is limited and cannot override enquiry under section 68 of the Income-tax Act, 1961. The assessee-firm may still establish before the Assessing Officer that the credits were genuine deposits of the named persons and not its own undisclosed income. Accordingly, a notice under section 143(2) was not without jurisdiction merely because the amounts had earlier been declared and taxed under the Amnesty Scheme. Case-Laws Income Tax Mon, 11 Dec 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23468