https://www.taxtmi.com/caselaws?id=60456 A declaration under the Voluntary Disclosure of Income Scheme, 1997 may constitute relevant information for reopening an assessment where it links undisclosed cash to particular assessment years and the scheme provides no immunity from assessment proceedings. Even if the declaration was not accepted because tax was unpaid within the prescribed period, it remains admissible material for reassessment. For issuing a reopening notice, the Assessing Officer requires relevant material providing a prima facie basis to believe income escaped assessment; the material's sufficiency or correctness is not examined at that stage. An unexplained cash source and the taxpayer's own allocation of cash across years can support that belief. en-us Fri, 20 Nov 2009 00:00:00 +0530 Wed, 05 Jan 2011 13:38:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60456 A declaration under the Voluntary Disclosure of Income Scheme, 1997 may constitute relevant information for reopening an assessment where it links undisclosed cash to particular assessment years and the scheme provides no immunity from assessment proceedings. Even if the declaration was not accepted because tax was unpaid within the prescribed period, it remains admissible material for reassessment. For issuing a reopening notice, the Assessing Officer requires relevant material providing a prima facie basis to believe income escaped assessment; the material's sufficiency or correctness is not examined at that stage. An unexplained cash source and the taxpayer's own allocation of cash across years can support that belief. Case-Laws Income Tax Fri, 20 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60456