Held that the assessee has shown that the amount declared under VDIS 1997 on 26th Dec., 1997 represented undisclosed investments made in earlier assessment years i.e., 1991-92 to 1997-98, and not of financial year 1997-98. Addition is deleted. (AY.1998-99)
T.R. Pachamuthu v. ACIT (2024) 165 taxmann.com 178/ 228 TTJ 760 / 236 DTR 7 / 38 NYPTTJ 231 (Chennai) (Trib)
S. 68 : Cash credits-Voluntary Disclosure of Income Scheme, 1997-Payment of tax was made beyond time prescribed-Investment in earlier years-Addition is deleted. [VDIS, 1997]
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