https://www.taxtmi.com/caselaws?id=26364 A voluntary disclosure made under section 24 of the Finance (No. 2) Act, 1965 could not be used in assessment proceedings because the statute barred it as evidence against the declarant. The Revenue therefore could not sustain action under section 23A on the basis of that letter. The remaining material only showed that certain claimed deductions, including wastage, interest and director-related credits, were not proved. That, by itself, did not establish deliberate concealment or suppression of distributable commercial profits, which was required for section 23A action. en-us Tue, 07 Jan 1986 00:00:00 +0530 Thu, 04 Feb 2010 15:01:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26364 A voluntary disclosure made under section 24 of the Finance (No. 2) Act, 1965 could not be used in assessment proceedings because the statute barred it as evidence against the declarant. The Revenue therefore could not sustain action under section 23A on the basis of that letter. The remaining material only showed that certain claimed deductions, including wastage, interest and director-related credits, were not proved. That, by itself, did not establish deliberate concealment or suppression of distributable commercial profits, which was required for section 23A action. Case-Laws Income Tax Tue, 07 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26364