1983 (8) TMI 68

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....ing the addition of Rs. 2,71,300 made by the WTO to the assessee's net wealth on the ground that the aforesaid amount was the undeclared income of the assessee as disclosed u/s 14 of the Voluntary Disclosure Act, 1976. 2. The Declaration in terms of s. 14 of the Voluntary Disclosure Act have to be in Form B as prescribed under the Voluntary Disclosure Rules, 1976. Item 6 of the said declaration....

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.... & 3 of Item No. 6 of Form B, he did not fill-in-Column Nos. 4, 5, & 6 of the said Item No. 6, which require the assessee to give description of assets, if the income was represented by assets, etc. 4. On the basis of the aforesaid declaration, the assessee's plea is that the income declared by the assessee under Voluntary Disclosure Act in Form B could not be treated as the assessee's wealth a....

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....g sum of Rs. 2,71,300 was also according to the assessee, not available with the assessee in the form of any assets, as it apparent from the declaration filed by the assessee wherein he has left Column Nos. 4, 5, & 6 against Item No. 6 of Form B blank. The department has no other independent evidence to show that the assessee had assets of the value of Rs. 2,71,300 with him. Their rationale for ma....