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Black Money Act

CBDT amends Instruction: No Prosecution Under Black Money Act where Penalty Provisions do not Apply [Read Instruction]

Kavi Priya

The Central Board of Direct Taxes (CBDT), under the Ministry of Finance, issued Instruction No. 01/2025 on 18th August 2025. This new instruction...

ITR Filing for HNIs and Business Owners: Key Risk Areas for CAs to Watch Out For

Delhi High Court - Black Money - Section 51(1) of Black Money Act - Black Money Act - Tax Liability - Tax Liability Assessment - Taxscan

Prosecution u/s 51(1) of Black Money Act independent of Tax Liability Assessment u/s 10: Delhi HC...

Short term Capital Gains Gold Tax - Long Term Capital Gains Gold Tax - Gold Tax - TDS on Sale of Gold - Tax on Gold ETFs India - TAXSCAN

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Failure by Dept to Consider Assesee's Email: Delhi HC quashes Penalty Order under BMA [Read Order]

Delhi HC stays Proceedings under Black Money Act to Examine Validity of Retrospective Application [Read Order]

The Delhi High Court stayed the proceedings under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 to examine the validity of the retrospective application. ...

No Income Tax Addition can be made in respect of Addition under the Black Money Act: ITAT [Read Order]

The Income Tax Appellate Tribunal, (Delhi Bench), has recently, in an appeal filed before it, held that no income addition can be made in respect of addition under the Black Money Act. The...

Black Money Act Provisions cannot be invoked for Minor Breach of Law: ITAT [Read Order]

In a major relief to philanthropist and pharma company Chairperson Leena Gandhi-Tiwari, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the provisions of the Black Money...

CBDT issues Instructions regarding handling of Income-tax cases and Black Money cases [Read Instructions]

The Central Board of Direct Taxes (CBDT) issued the guidelines for transfer of Black Money Act case to respective Central Charges. The Board has decided that all cases under Black Money...

Income Tax Department conducts searches in Tamil Nadu

The Income Tax Department has carried out searches at 5 locations in Chennai and Madurai on 4.11.2020 in the case of a Chennai-based group operating in the IT Infra sector. The search has led to...

Vivad se Vishwas Scheme: No Additional 10% Amount If Payment made by June 30, says FM

The Finance Minister Nirmala Sitharaman has announced that, under Vivad se Vishwas Scheme, there will not be additional 10% amount if the payment is done by June 30th, 2020. The Finance Minister also...

Setback for Gautam Khaitan: SC set aside a Delhi HC order restraining Income Tax department from taking any action in VVIP Chopper Scam [Read Judgment]

The Supreme Court of India today set aside Delhi High Court order restraining the Income Tax department from taking any action against VVIP chopper scam accused Gautam Khaitan. The Supreme Court’s...