https://www.taxtmi.com/caselaws?id=60412 A return of net wealth filed with a declaration under section 15 of the Voluntary Disclosure of Income and Wealth Act, 1976, read with rule 5(2) of the 1975 Rules, was treated only as an annexure to the disclosure and not as a return independently filed under the Wealth-tax Act, 1957. The disclosure scheme was held to be ancillary to the Wealth-tax Act and usable as information for assessment or reassessment, but not a substitute for that Act's own assessment machinery. Accordingly, the attached return did not itself confer jurisdiction to complete a valid wealth-tax assessment without recourse to the statutory provisions of the Wealth-tax Act. en-us Sat, 24 Mar 1984 00:00:00 +0530 Wed, 05 Jan 2011 12:03:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60412 A return of net wealth filed with a declaration under section 15 of the Voluntary Disclosure of Income and Wealth Act, 1976, read with rule 5(2) of the 1975 Rules, was treated only as an annexure to the disclosure and not as a return independently filed under the Wealth-tax Act, 1957. The disclosure scheme was held to be ancillary to the Wealth-tax Act and usable as information for assessment or reassessment, but not a substitute for that Act's own assessment machinery. Accordingly, the attached return did not itself confer jurisdiction to complete a valid wealth-tax assessment without recourse to the statutory provisions of the Wealth-tax Act. Case-Laws Income Tax Sat, 24 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60412