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TRIBHOVANDAS BHIMJI ZAVERI versus UNION OF INDIA


The voluntary disclosure jurisdiction and its provisions, after the discovery and confiscation of the Act of 1976, in the year in which they were seized and in the years preceding, have no right to the rate of tax concession, even after the act. The outward search process has been done and can be disclosed under Section 14 and not the Income and Wealth Act, Section 3 Indian Voluntary Disclosure of 1976, Sections 3 and 14 of the Indian Income Tax Act, 1961, Section 132.

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