Additional income disclosed before SetCom to close matter can’t indicate that true disclosure of income not made

INCOME TAX : Where assessee agreed to abide by directions issued by ITSC during settlement proceedings for further disclosure of income not because assessee accepted understatement of income, but with view to bring quietus to matter and in spirit of settlement; additional income offered by assessee by means of further disclosure pursuant to submission of verification report to ITSC

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000316821/additional-income-disclosed-before-setcom-to-close-matter-can’t-indicate-that-true-disclosure-of-income-not-made.aspx