Undisclosed Income and Tax : High Court Allows Writ Petition and Explains the Law

Undisclosed Income and Tax : High Court Allows Writ Petition and Explains the Law

Once the declaration is revived by the law, the said tax paid has to be considered as related to the undisclosed income and due credit should be given while computing liability under the Income Declaration Scheme, 2016. Clarification issued by the CBDT in Circular No. 25/ 2016 is categorical that the related taxes to the undisclosed income should be allowed under the Scheme.

Vishnu Trimbak Thakur v. PCIT [2025] GCtR 1901 (Bombay)