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2016 (2) TMI 621 - AT - Income TaxRefund of taxes paid under the VDIS, 1997 along with interest - Held that:- The assessee is not entitled to the immunity and benefits of VDIS, 1997, in respect of the additional income surrendered by the assessee during the course of search and consequently, is to be assessed as undisclosed income in the hands of assessee. Further, following the directions of the Hon’ble High Court, we hold that since the assessee is entitled to the refund of taxes paid under the VDIS, 1997 along with interest @ 6% from September, 1999, the same may be adjusted against the demand raised under the block assessment order.
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