Non-payment of tax under Income Declaration Scheme cannot change character of income declared

ACIT Vs Jiyyana Venkatarayudu (HUF) (ITAT Visakhapatnam)

ITAT Vishakhapatnam held that non-payment of tax under the Income Declaration Scheme, 2016 against the income declared cannot change the character of the income declared under IDS, 2016.

Facts- The assessee has filed Form No.1 under Income Declaration Scheme, 2016 before the Pr. CIT-2 on 28/09/2016 by disclosing an amount of Rs. 2,15,48,400/- in the form of cash for the AY 2015­-16. However, the assessee has failed to pay the taxes payable as per the provisions of the Income Declaration Scheme, 2016 [

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