https://www.taxtmi.com/caselaws?id=36625 The court held that the Income Tax Officer (ITO) could not question the declarations made under the voluntary disclosure scheme and treat the amounts declared by the assessee's sons as the assessee's income. The court relied on the legal fiction created by Section 24(3) of the Finance Act, 1965, which imprinted the character of "total income" on the declared amount, making it immune from being taxed again in the hands of another assessee. The court ruled in favor of the assessee, disallowing the ITO from adding the declared amounts to the assessee's income. en-us Tue, 04 Mar 1980 00:00:00 +0530 Tue, 23 Mar 2010 15:14:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36625 The court held that the Income Tax Officer (ITO) could not question the declarations made under the voluntary disclosure scheme and treat the amounts declared by the assessee's sons as the assessee's income. The court relied on the legal fiction created by Section 24(3) of the Finance Act, 1965, which imprinted the character of "total income" on the declared amount, making it immune from being taxed again in the hands of another assessee. The court ruled in favor of the assessee, disallowing the ITO from adding the declared amounts to the assessee's income. Case-Laws Income Tax Tue, 04 Mar 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36625