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Non-payment of tax under Income Declaration Scheme cannot change character of income declared
Case Law Details
- Case Name
- ACIT Vs Jiyyana Venkatarayudu (HUF) (ITAT Visakhapatnam)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Visakhapatnam
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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 [“IDS”].
During the assessment pr...
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