https://www.taxtmi.com/caselaws?id=61170 Acceptance of a declaration under the Voluntary Disclosure of Income and Wealth Act, 1976 gave the declarant the benefit of the scheme, and the Revenue could not displace the declared status merely by questioning the family's pre-existing source of income or assets. At the same time, the declaration did not prevent enquiry into the tax consequences arising later from the declared assets. The declared gold and the interest earned on the disclosed amount remained taxable in the hands of the declarant entity when the sale and accrual occurred. The finding that the Hindu undivided family was the declarant was upheld. en-us Thu, 15 Apr 1982 00:00:00 +0530 Tue, 11 Jan 2011 11:56:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61170 Acceptance of a declaration under the Voluntary Disclosure of Income and Wealth Act, 1976 gave the declarant the benefit of the scheme, and the Revenue could not displace the declared status merely by questioning the family's pre-existing source of income or assets. At the same time, the declaration did not prevent enquiry into the tax consequences arising later from the declared assets. The declared gold and the interest earned on the disclosed amount remained taxable in the hands of the declarant entity when the sale and accrual occurred. The finding that the Hindu undivided family was the declarant was upheld. Case-Laws Income Tax Thu, 15 Apr 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61170