The Ministry of Finance issued Notification No. 126/2024 dated December 10, 2024, for designated special courts in Tamil Nadu and Puducherry. These courts will exclusively handle cases related to the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, and the Income Tax Act, 1961.
The notification aims for speedy trial in cases such as black money, tax evasion, and undisclosed foreign income and assets. This initiative is expected to improve accountability and strengthen the enforcement of tax laws.
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The notification is issued under Section 280A of the Income Tax Act, 1961, and Section 84 of the Black Money Act, 2015. This notification replaces a previous one, S.O. 1911(E) dated April 21, 2022, as amended by S.O. 1223(E) dated March 14, 2023, but actions already taken under the earlier notifications remain valid.
| Sl. No | Court | Area |
| 1 | Court of I Additional Chief Metropolitan Magistrate E.O. (I), Chennai and the Court of II Additional Chief Metropolitan Magistrate E.O. (II), Chennai | Districts of Ariyalur, Chennai, Chengalpattu, Cuddalore, Kancheepuram, Kallakuruchi, Mayiladuthurai, Nagapattinam, Perambalur, Ranipet, Tiruvallur, Tiruvarur, Tiruvannamalai, Tirupathur, Vellore and Villupuram. |
| 2 | Court of Additional Chief Judicial Magistrate, Madurai | Districts of Dindigul, Kanniyakumari, Karur, Madurai, Pudukkottai, Ramanathapuram, Sivagangai, Thanjavur, Theni, Tirunelveli, Thoothukudi, Tiruchirapalli, Tenkasi, and Virudhunagar. |
| 3 | Court of Chief Judicial Magistrate, Coimbatore | Districts of Coimbatore, Dharmapuri, Erode, Krishnagiri, Namakkal, Nilgiris, Salem, and Tiruppur. |
| 4 | Court of Chief Judicial Magistrate, Puducherry | Districts of Karaikal and Puducherry. |
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The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 was established to deal with the problem of black money kept in foreign countries. It aims to handle unreported foreign income and wealth that are not taxed in India. This act also enforces strict penalties on those who hide such income and encourages people to declare their undisclosed foreign assets voluntarily.
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