TaxTMI 
TaxTMI 
Disclosure of income.
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....976) were to be made in Form 'A' the declarant was required to indicate respectively the amount of income declared and the assessment year(s) to which the income related. Where the voluntarily disclosed income related to more than one assessment year, income in respect of each assessment year was required, if possible, to be indicated separately (vide the relevant foot note in Form A ). Thus, the ....
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....lumn blank or stated as under :- (i) Past several years. (ii) Last ten years. (iii) All preceding years upto and inclusive of date of declaration. (iv) Many years. (v) 1975-76 onwards. (vi) Earned from time to time/year to year. (vii) Year-wise break-up not possible etc. The Receipt Audit is reported to have taken the view that as the declarations were made during the period October-Decemb....
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....e the ambit of the Voluntary Disclosure of Income and Wealth Act, 1976, action should be taken to assess it to income-tax (and wealth-tax, if necessary) in the normal manner without any avoidable delay. 4. A number of instances were pointed out in para 47.3(vi) of the C&AG's Report for the year 1976-77, in which although the assessment years to which the income declared relates to have been menti....
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....tendant circumstances including the assets representing the declared income, the Commissioner comes to a conclusion that a particular case is one of genuine error and the assessee in fact intended to declare income only for and upto the assessment year 1975-76, remedial action to bring to tax the income relating to assessment year 1976-77 and /or 1977-78 should be taken without any further delay i....