Category: Black Money

Revision Petition against issue of nonĀ­ bailable warrant u/s 50 of Black Money Act dismissed

Revision Petition against issue of nonĀ­ 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 MohanĀ GoswamiĀ andĀ OrsĀ Vs.Ā StateĀ ofĀ UttaranchalĀ andĀ Ors Revision Petition against …

Unearthing of Black Money-Prosecution, search, survey initiated by Income Tax Department during the last 3 FYs

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,Ā  in written reply to a question in Rajya Sabha has given figures ofĀ proceedings initiated by theĀ Income-tax DepartmentĀ against black …

Agreement on Money Laundering Information with over 130 countries including tax havens

Agreement with other Countries on Money Laundering Information. Indian Government has entered into agreements with over 130 countries including tax havensĀ  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

Operation Clean Money-details of work carried out in the campaign Press Information BureauĀ  Government of India Ministry of Finance 29-December-2017 17:39 IST Operation Clean MoneyĀ  As a part of post-demonetisation exercise, Income Tax Department had to analyse cash deposit data and seek information to identify possible cases of …

Recovery of undisclosed income post demonitization

Recovery of undisclosed income post demonitization Press Information BureauĀ  Government of India Ministry of Finance 01-August-2017 17:47 IST Recovery of undisclosed income post demonitizationĀ  With a view to curbing financing of terrorism through the proceeds of Fake Indian Currency Notes (FICN) and use of such funds for subversive …