Extension of period-Amnesty Scheme under the Income-tax and Wealth-tax Acts - Income Tax - 472/1986

Extension of period-Amnesty Scheme under the Income-tax and Wealth-tax Acts Circular No.472 Dated 15/10/1986 Taxpayers are aware that the Government has through the following circulars, issued from time to time, offered a scheme of amnesty under the Income-tax and Wealth-tax Acts: (i) Circular No. 432 dated 15-11-1985* (ii) Circular No. 439 dated 15-11-1985** (iii) Circular No. 440 dated 15-11-1985*** (iv) Circular No. 441 dated 15-11-1985+ (v) Circular No. 451 dated 17-2-1986++ (vi) Circular No. 453 dated 4-4-1986+++ In view of the good response of the taxpayers during the operation of this scheme, it has now been decided to further extend the benefits of the amnesty scheme till 31-3-1987. The conditions laid down in the above circulars will apply in the case of returns of income and wealth for the assessment year 1986-87. (Sd.) M.S. NARAYANAN, Chairman, Central Board of Direct Taxes. * See [1985] 156 ITR (St.) 162. ** See [1985] 156 ITR (St.) 163. *** See [1985] 156 ITR (St.) 164. + See [1985] 156 ITR (St.) 165. ++ See [1986] 158 ITR (St.) 135. +++ See [1986] 159 ITR (St.) 9.