https://www.taxtmi.com/caselaws?id=59802 A declaration under section 14(1) of the Voluntary Disclosure of Income and Wealth Ordinance, 1975 was treated as a distinct statutory mechanism from disclosure under section 3(1). On that construction, the restrictions in sections 9 and 10, which barred reopening assessments, set-off of losses, and refunds in the earlier disclosure scheme, did not apply to declarations made under section 14. Section 14(6) was read as permitting credit of tax paid in the consequential assessment, showing that the ordinary income-tax and wealth-tax provisions continued to operate unless expressly excluded. Accordingly, a refund could still be claimed if it otherwise became due on final determination. en-us Thu, 30 Jul 1981 00:00:00 +0530 Sat, 01 Jan 2011 12:28:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59802 A declaration under section 14(1) of the Voluntary Disclosure of Income and Wealth Ordinance, 1975 was treated as a distinct statutory mechanism from disclosure under section 3(1). On that construction, the restrictions in sections 9 and 10, which barred reopening assessments, set-off of losses, and refunds in the earlier disclosure scheme, did not apply to declarations made under section 14. Section 14(6) was read as permitting credit of tax paid in the consequential assessment, showing that the ordinary income-tax and wealth-tax provisions continued to operate unless expressly excluded. Accordingly, a refund could still be claimed if it otherwise became due on final determination. Case-Laws Income Tax Thu, 30 Jul 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59802