Category: Black Money
Revision Petition against issue of non bailable warrant u/s 50 of Black Money Act dismissed as NBW do not decide or touch important rights or liabilities of parties. ABCAUS Case Law Citation:ABCAUS 3184 (2019) (10) AC Important case law relied upon by the parties:Inder Mohan Goswami and Ors Vs. State of Uttaranchal and Ors Revision Petition against …
Retrospective applicability of Black Money Act-Supreme Court quashed High Court order that Govt. made the Act retrospectively applicable from 01.07.2015 ABCAUS Case Law Citation:ABCAUS 3172 (2019) (10) SC In the instant case, the Union of India had challenged the interim order passed by the Division Bench of the Delhi …
Guidelines to Control Black Money in Share Market Securities and Exchange Board of India (SEBI), vide circular dated April 27, 2007, has mandated that PAN would be the sole identification number for all participants transacting in the securities market, irrespective of the amount of transaction. Schedule VII of …
Unearthing of Black Money-Prosecution, search, survey initiated by ITD under the relevant provisions of the Income Tax Act, 1961, during the last three FYs Minister of State for Finance, today, in written reply to a question in Rajya Sabha has given figures of proceedings initiated by the Income-tax Department against black …
Assumption that all deposits in Swiss Banks are black money is history. Ex Finance Minister defends Modi Government on the news of 50 % increase in Indian deposits in Swiss banks. Interestingly, the black money abroad was one of the election agenda of the BJP and bringing back …
Exclusive Jurisdiction of one CIT-A overs cases assessed under the Black Money Act 2015. Nineteen such stations notified by CBDT The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (BM Act) has been enacted to deal with the problem of Black money in …
Agreement with other Countries on Money Laundering Information. Indian Government has entered into agreements with over 130 countries including tax havens The Government of India has entered into Double Taxation Avoidance Agreements (DTAAs), Tax Information Exchange Agreements (TIEAs) and Multilateral Convention on Mutual Administrative Assistance in Tax Matters …
Operation Clean Money-details of work carried out in the campaign Press Information Bureau Government of India Ministry of Finance 29-December-2017 17:39 IST Operation Clean Money As a part of post-demonetisation exercise, Income Tax Department had to analyse cash deposit data and seek information to identify possible cases of …
Measures taken by Government to Control and Curb Parallel Economy and black money Press Information Bureau Government of India Ministry of Finance 19-December-2017 17:16 IST Measures taken by Government to Control and Curb Parallel Economy and Unaccounted Transactions The Government has taken several measures to effectively control and …
Recovery of undisclosed income post demonitization Press Information Bureau Government of India Ministry of Finance 01-August-2017 17:47 IST Recovery of undisclosed income post demonitization With a view to curbing financing of terrorism through the proceeds of Fake Indian Currency Notes (FICN) and use of such funds for subversive …
