Gold control - disclosure of gold, gold ornaments under the Voluntary Disclosure of Income and Wealth Scheme, 1975 - regarding". The letter was addressed ... taken by the petitioner pursuant to the voluntary disclosure made under the Voluntary Disclosure Scheme of 1975. This should be particularly so when in reply
window of six months for voluntary disclosure by allowing
immunities only to those, who opt to file their voluntary disclosure declaration
within six months window ... months for voluntary disclosure by allowing
immunities only to those declarer who opt to file their voluntary disclosure
declaration within six months from the date
that will be conferred on assessees, coming forward with voluntary disclosures under the Voluntary Disclosure Scheme. It was submitted that, once the disclosure is accepted ... nature of the assets declared by the assessee under the Voluntary Disclosure Scheme, the ITO was going against all the assurances given by the Government
Date:03.11.2020
22:02:53
months) to promote the voluntary disclosure. Once such voluntary
disclosure is made within the time limit prescribed, no inquiry ... Government after voluntary disclosure
would be wholly illegal, arbitrary, unreasonable, unsustainable and would
defeat the very purpose of the Voluntary Disclosure Scheme. Consequently,
once
birds within India through such voluntary disclosure
and limited such disclosure upto the period till December, 2020.
Such scheme was evolved by the Government ... advisory
deals with disclosure of "exotic live species" in India through
Voluntary Disclosure Scheme, Para (II) of the advisory deals with
import
made
more effectual under the Income Tax Act, 1961 . The Voluntary
Disclosure Scheme of 1951 was made to facilitate the
disclosure of suppressed income ... provisions, Nearly a decade and a half
later a second scheme of voluntary disclosure was introduced
by section 68 of the Finance Act, 1965, popularly
SC1990 (2)
ACT:
Voluntary Disclosure Scheme under section 24 of the
Finance (No. 2) Act, 1965, Scope and effect of-Whether the
acceptance ... contended before the ITo that the creditors
having made voluntary disclosures under the Voluntary
Disclosure Scheme and the disclosures made by them having
been accepted
appellant no. 1 as Karta
filed a declaration under said Voluntary Disclosure Scheme. To complete the
chronology of the events, the Collector of Customs (Preventive ... dated 5.6.1976, the Gold Control
Officer found that appellants declaration under Voluntary Disclosure Scheme
unacceptable as according to him the declaration was filed by appellant
rest a controversy among different high courts regarding voluntary disclosures. It has held that voluntary disclosure scheme cannot be construed as concerning any benefit ... were having on independent source of income. Disclosure was made by the sons under the Voluntary Disclosure Scheme. Such disclosure did not preclude enquiry Into
depositor, having declared it as his income in pursuance to the voluntary disclosure scheme set out in Finance ... depositors, which had been duly declared by them under the voluntary disclosure scheme under the Finance Act and income-tax had been paid in respect
