1979 (1) TMI 137

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..... value of the net wealth of the assessee. He also included the value of ornaments under the disclosure scheme amounting to Rs. 1,91,940. the income-tax liability of Rs. 89,790 was not given, which arose out of the voluntary disclosure made by the assessee before the CWT. The AAC directed to allow the deduction, on appeal by the assessee. Hence this appeal. 2. It is argued on behalf of the Revenu .....

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..... rised representative of the assessee supports the order of the AAC. 4. We have given our consideration to the contentions of both the sides. We find that the value of Rs. 1,91,940 in respect of ornaments disclosed under the disclosure scheme was included in the net wealth of the assessee for the above year under appeal. We find also that the above income-tax liability has arisen out of the above .....

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