Voluntary Disclosure of Income Tax Inquiries The effect of an Income Tax Inquiry does not preclude an investigation by the Voluntary Disclosure Department, thus finding that the money spent on the construction of the property of the home was not valid under section 131 (1) (d). It was permissible to issue commission valuation officer if the amount spent on construction was more than the amount shown by the assessee, Department of Income Scheme, 1997 Indian Finance Act, 1997, Section 64 Indian Income Tax Act, 1961, Section 131 Entitled to take appropriate action
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