9911796707
TMI Blog1983 (8) TMI 68X X X X Extracts X X X X X X X X Extracts X X X X ..... round that the aforesaid amount was the undeclared income of the assessee as disclosed u/s 14 of the Voluntary Disclosure Act, 1976. 2. The Declaration in terms of s. 14 of the Voluntary Disclosure Act have to be in Form B as prescribed under the Voluntary Disclosure Rules, 1976. Item 6 of the said declaration require of the assessee to describe the assets in the form of which the income declar ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... m No. 6, which require the assessee to give description of assets, if the income was represented by assets, etc. 4. On the basis of the aforesaid declaration, the assessee's plea is that the income declared by the assessee under Voluntary Disclosure Act in Form B could not be treated as the assessee's wealth as the said income was not represented by any assets and that inasmuch as the assessee' ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... see in the form of any assets, as it apparent from the declaration filed by the assessee wherein he has left Column Nos. 4, 5, 6 against Item No. 6 of Form B blank. The department has no other independent evidence to show that the assessee had assets of the value of Rs. 2,71,300 with him. Their rationale for making the aforesaid addition is based on the inference that the said amount must have r ..... X X X X Extracts X X X X X X X X Extracts X X X X
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