Tag Archives: Black money Act

No coercive action against taxpayer if writ filed challenging Black Money Act : HC

By | April 24, 2020

No coercive action against taxpayer if writ filed challenging Black Money Act : HC In the income tax proceedings petitioners had not disclosed any black money or asset; rather have denied the same. In such circumstances and taking an overall view of the matter, we feel that while respondents may proceed pursuant to the impugned notices… Read More »

Govt. receives 3770 crores under Black Money Act

By | October 1, 2015

Government of India Ministry of Finance Departmentof Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 1st October 2015 Subject: Declarations received and amount declared under the compliance window under the Black Money Act- regarding The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (the Act) has been enacted… Read More »