Deductibility of the additional income-tax liability arising as a result of settlement proceedings u/s.271(4A) of the I.T.Act.

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....s that the tax liability in respect of the income voluntarily disclosed u/s.68 of the Finance Act, 1968 should not be deducted as a "debt", while computing the net wealth of an assessee as on any valuation date preceeding the date of disclosure. The position with regard to the deductibility of the additional income-tax liability arising as a result of settlement proceedings u/s.271(4A) of the I.T.....