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HomeDirect TaxVDIS Declaration Does Not Bar Income Tax Scrutiny Where Discrepancies Exist: Madhya...

VDIS Declaration Does Not Bar Income Tax Scrutiny Where Discrepancies Exist: Madhya Pradesh High Court

Direct Tax

Published on

By Mariya Paliwala
Madhya Pradesh High Court Jabalpur Bench

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The Madhya Pradesh High Court at Jabalpur has dismissed a writ petition challenging the validity of scrutiny notices issued under Section 143(2) of the Income Tax Act, 1961, held that income disclosed under the Voluntary Disclosure of Income Scheme (VDIS), 1997 does not grant blanket immunity against further assessment where discrepancies are found.  The Bench…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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