Tanna And Modi vs C.I.T. Mumbai Xxv And Ors

The Supreme Court addressed the interpretation of the Voluntary Disclosure of Income Scheme, 1997, particularly Section 64(2), in the context of a firm's application for voluntary disclosure. The Court held that the firm could not benefit from the scheme due to prior search and seizure actions that revealed undisclosed assets, which were not disclosed during the application process. The Court upheld the High Court's dismissal of the writ petition challenging the Commissioner's order, affirming the legality of the Commissioner's decision to declare the certificate null and void.