https://www.taxtmi.com/caselaws?id=56750 Immunity under the Voluntary Disclosure of Income and Wealth Ordinance, 1975 depended on a valid disclosure and compliance with the attendant requirements. Non-filing of the wealth-tax return with the disclosure under rule 5(2) was not, by itself, a fatal defect. Where the disclosed wealth-tax had been paid and the disclosure was otherwise accepted, departmental delay or failure to issue the acceptance certificate could not be used against the assessee. On that basis, immunity from penalty was upheld and the penalty under the Wealth-tax Act was cancelled. en-us Tue, 18 Sep 1984 00:00:00 +0530 Mon, 06 Dec 2010 15:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56750 Immunity under the Voluntary Disclosure of Income and Wealth Ordinance, 1975 depended on a valid disclosure and compliance with the attendant requirements. Non-filing of the wealth-tax return with the disclosure under rule 5(2) was not, by itself, a fatal defect. Where the disclosed wealth-tax had been paid and the disclosure was otherwise accepted, departmental delay or failure to issue the acceptance certificate could not be used against the assessee. On that basis, immunity from penalty was upheld and the penalty under the Wealth-tax Act was cancelled. Case-Laws Wealth-tax Tue, 18 Sep 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56750