https://www.taxtmi.com/caselaws?id=55411 Amounts disclosed under section 14 of the Voluntary Disclosure Act, 1976 could not be added to net wealth where the declaration form showed income disclosure and tax payment but the asset columns were left blank. In the absence of any independent evidence that the balance amount was represented by cash or other identifiable assets, the department could not support the addition by mere inference that the amount continued to be held by the assessee. The disclosed amount was therefore not part of the assessee's wealth, and the proposed addition was unsustainable. en-us Wed, 17 Aug 1983 00:00:00 +0530 Fri, 26 Nov 2010 18:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55411 Amounts disclosed under section 14 of the Voluntary Disclosure Act, 1976 could not be added to net wealth where the declaration form showed income disclosure and tax payment but the asset columns were left blank. In the absence of any independent evidence that the balance amount was represented by cash or other identifiable assets, the department could not support the addition by mere inference that the amount continued to be held by the assessee. The disclosed amount was therefore not part of the assessee's wealth, and the proposed addition was unsustainable. Case-Laws Wealth-tax Wed, 17 Aug 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55411