Amnesty circulars-Scope of Sec.10 of CDS (ITP) Act 1974.

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....rs of the Board higher income was declared suo moto before 31.3.1986 pertaining to the Assessment year 1985-86 or earlier Assessment years, it could be held that the default under the CDS (ITP) Act 1974 was due to a reasonable cause and, therefore, the penalty u/s 10 of CDS (ITP) Act 1974 need not be initiated in such cases. 2. In view of the fact that by the Board's circular No. 453 (file No. ....