HC directs adjustment of tax as dept. can’t retain tax amount if disclosure under IDS was rejected

IT : Where under Income Declaration Scheme, 2016 assessee disclosed undisclosed income of Rs. 29,15,156 for assessment year 2014-15 determining total tax payable (including penalty) thereon at Rs. 13,12,271 and paid first installment amounting to Rs. 3,28,068, while case of assessee was selected for scrutiny for said assessment year and notice under section 143(2) was already issued and, therefore, Revenue rejected application under disclosure scheme, Revenue was to be

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