Benami Holdings and Black Money: Two Sides of the Same Coin
Every economy has a side that operates in shadows that is quiet, unseen, yet powerful enough to shape its course. In India, this hidden world...
Addition Made as Undisclosed Foreign Income and Asset under Black Money Act not Repeated Under Income Tax Act: ITAT [Read Order]
In a recent case, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) held that any addition made as undisclosed foreign income and assets under the Black Money Act (BMA), shall not be...
![Addition Made as Undisclosed Foreign Income and Asset under Black Money Act not Repeated Under Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Delhi-High-Court-Black-Money-Foreign-Income-TAXSCAN.jpg "Addition Made as Undisclosed Foreign Income and Asset under Black Money Act not Repeated Under Income Tax Act: ITAT [Read Order]")
Used Luxury Car Showroom Raid in Kozhikode, Kerala: Income Tax Dept unveils Rs. 102 Cr Black Money Transactions
Black money transactions totaling Rs 102 crores were uncovered in an income tax raid at a used car showroom in Kozhikode. The fraud reportedly took place at Royal Drive, owned by Malappuram native...
Manjummel Boys Producers in Trouble, ED launches Investigation against Money Laundering Allegations
The Directorate of Enforcement ( ED ) is investigating ‘Parava Films’, the producers of 'Manjummel Boys'. The Enforcement Directorate will investigate whether Parava Films has carried out black money...
Know the Provisions in Income Tax Act and Other Legislations against Circulation of Black Money in Real Estate
The following was asked in an unstarred question in Lok Sabha addressed to the Finance Minister, the Minister of State for Finance Pankaj Chaudhary. Whether the Government has made any estimate of...
