https://www.taxtmi.com/caselaws?id=25879 The High Court ruled against the assessee, holding that the voluntary disclosure under the Voluntary Disclosure of Income and Wealth Ordinance of 1975 did not save the assessee from the addition of income from undisclosed sources under section 68 of the Income-tax Act, 1961. The Court emphasized that the burden of proof lies on the assessee to establish a clear connection between the voluntary disclosure and the disputed amount, which the company failed to do in this case. The assessment of Rs. 1,02,000 as income from undisclosed sources was upheld, favoring the Revenue. en-us Wed, 03 Sep 1986 00:00:00 +0530 Mon, 01 Feb 2010 14:18:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25879 The High Court ruled against the assessee, holding that the voluntary disclosure under the Voluntary Disclosure of Income and Wealth Ordinance of 1975 did not save the assessee from the addition of income from undisclosed sources under section 68 of the Income-tax Act, 1961. The Court emphasized that the burden of proof lies on the assessee to establish a clear connection between the voluntary disclosure and the disputed amount, which the company failed to do in this case. The assessment of Rs. 1,02,000 as income from undisclosed sources was upheld, favoring the Revenue. Case-Laws Income Tax Wed, 03 Sep 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25879