1986 (8) TMI 52

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....me-tax Act, 1961 (hereinafter referred to as "the Act"). The material facts giving rise to this application, briefly, are as follows The petitioner is a firm registered under the Partnership Act and under the Income-tax Act for the relevant assessment year 1974-75, for which the accounting year ended on Diwali, 1973. In respect of the assessment year in question, the petitioner filed its return ....

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....the matter to the Income-tax Officer with a direction to examine whether the appellant was entitled to immunity under the Voluntary Disclosure of Income and Wealth Ordinance, 1975. After the remand, the Income-tax Officer held that since the disclosure of income was in respect of the four assessment years 1972-73 to 1975-76, the petitioner was entitled to immunity in the assessment year 1974-75 on....