Special Courts notified under Income Tax & Black Money Act for State of Jharkhand at Ranchi, Jamshedpur and Dhanbad
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
(Investigation Division-V)
Notification No. 42/2023
New Delhi, the 15th June, 2023
S.O. 2661(E).—In exercise of the powers conferred by sub-section (1) of section 280A of the Income-tax Act, 1961 (43 of 1961) read with section 84 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (22 of 2015), the Central Government, in consultation with the Chief Justice of the High Court of Jharkhand, hereby designates the following Courts in the State of Jharkhand, as mentioned in column (2) of the Table below, as Special Courts for the areas mentioned in column (3) of the said Table, for the purposes of sub-section (1) of section 280A of the Income-tax Act, 1961 and section 84 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, namely:-
TABLE
| Serial Number | Court | Areas |
| (1) | (2) | (3) |
| 1. | Special Court (Economic Offences), Ranchi | Ranchi, Lohardaga, Gumla, Simdega, Khunti, Palamau, Latehar, and Garhwa |
| 2. | Special Court (Economic Offences), Jamshedpur | East Singhbhum, West Singhbhum, and Seraikella-Kharsawan |
| 3. | Special Court (Economic Offences), Dhanbad | Dhanbad, Bokaro, Giridih, Hazaribagh, Ramgarh, Koderma, Chatra, Dumka, Deoghar, Godda, Pakur, Jamtara, and Sahebganj |
[F. No.285/08/2023-IT (Inv.V)/
DEEPAK TIWARI, Commissioner of Income Tax(OSD) (INV.),
- Refusing to condone delay can result in a meritorious matter thrown out at threshold
- Prior period income cannot be considered as income of the current year
- SC condoned delay of 972 days in filing appeal due to restructuring in Department
- No addition on mere valuation report when stamp duty valuation is available
- ITAT deleted penalty for making a wrong claim of deduction u/s 54F/54B
