https://www.taxtmi.com/caselaws?id=787476 Section 96 of the Finance Act, 2024 excludes from the DTVSV Scheme tax arrears arising from assessments or reassessments that are made on the basis of incriminating material discovered in searches under the Income-tax Act; where reassessments under the reassessment provisions are founded on such search-originated material (including material from third-party searches), those tax arrears fall within the statutory exclusion and are ineligible for the Scheme. Clarificatory circulars explain which assessments are treated as made on the basis of search but do not expand eligibility or override the plain statutory bar; petitioners therefore are not entitled to Scheme relief. en-us Wed, 18 Feb 2026 00:00:00 +0530 Fri, 06 Mar 2026 08:30:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787476 Section 96 of the Finance Act, 2024 excludes from the DTVSV Scheme tax arrears arising from assessments or reassessments that are made on the basis of incriminating material discovered in searches under the Income-tax Act; where reassessments under the reassessment provisions are founded on such search-originated material (including material from third-party searches), those tax arrears fall within the statutory exclusion and are ineligible for the Scheme. Clarificatory circulars explain which assessments are treated as made on the basis of search but do not expand eligibility or override the plain statutory bar; petitioners therefore are not entitled to Scheme relief. Case-Laws Income Tax Wed, 18 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787476