Supreme Court · 1981 INSC 114 · Decided 8 May 1981
Jamnaprasad Kanhaiyalal v. Commissioner of Income-Tax, M.P., Bhopal
- Court
- Supreme Court of India
- Citation
- 1981 INSC 114 · [1981] 3 S.C.R. 849
- Case number
- TAX REFERENCE CASE No. 19/1975
- Decided
- 8 May 1981
- Bench
- R.S. PATHAK, A.P. SEN, E.S. VENKATARAMIAH (3-judge bench)
- Outcome
- Reference answered
- Case type
- Tax
- Acts & sections cited
- Income Tax Act Section 68, 257, 24, 256
Headnote
849 Voluntary Disclosure Scheme under section 24 of the Finance (No. 2) Act, 1965, Scope and effect of-Whether the acceptance of a disclosure statement made by a declarant under section 24 of the Finance Act, 1965 confers immunity on ano­ ther person from tax liability in respect of the same over section 68 of the Income Tax Act, 1961-Bar of double taxation-Section 18 of the Voluntary Disclosures of Income and Wealth Act, 1976 (Act 8of1976). During the course of the assessment proceedings of the assessee-firm for the assessment year 1967-68, the Income Tax Officer"noticed cash
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