Declaration of higher income before 31-3-86 for earlier assessment year-Liability of penalty under section 10 of Compulsory Deposit Scheme (Income-tax Payers) Act, 1974-Clarification regarding

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.... Compulsory Deposit Scheme (Income-tax Payers) Act, 1974-Clarification regarding Circular No.456 Dated 22/5/1986 The reference is invited to the Board's Circular No. 450 (File No. 225/13/86-ITA. II) dated February 13, 1986,* whereby it was declared that where in response to the amnesty circular issued by the Board, higher income is declared suo motu before March 31, 1986, pertaining to th....