Declaration of higher income before 31-3-86 for earlier assessment year-Liability of penalty under section 10 of Compulsory Deposit Scheme (Income-tax Payers) Act, 1974-Clarification regarding

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Income-tax Payers) Act, 1974-Clarification regarding Circular No.456 Dated 22/5/1986 The reference is invited to the Board's Circular No. 450 (File No. 225/13/86-ITA. II) dated February 13, 1986,* whereby it was declared that where in response to the amnesty circular issued by the Board, higher income is declared suo motu before March 31, 1986, pertaining to the assessment year 1985-86 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... sions of section 10 of the Compulsory Deposit Scheme (Income-tax Payers) Act, 1974. Instructions to this effect are being issued to all the officers of the Department. 3. Hindi version will follow shortly. (Sd.) K.K. Tripathi, Secretary, Central Board of Direct Taxes. * See [1986] 158 ITR (St.) 134. + See p. 9 supra. - Circular - Trade Notice - Public Notice - Instructions - Office o .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X