Login
Login
HomeDirect TaxBlack Money Act Triggers When AO Notices the Transaction — Not When...

Black Money Act Triggers When AO Notices the Transaction — Not When Undertaken: ITAT Deletes Foreign Asset Addition

Direct TaxTop Stories

Published on

By Mariya Paliwala
Black Money Act Triggers When AO Notices the Transaction — Not When Undertaken: ITAT Deletes Foreign Asset Addition

🚀 Stay Connected With JurisHour

WhatsApp X Telegram

In a landmark interpretation of the Black Money (Undisclosed Foreign Income and Assets) Act, 2015, the Income Tax Appellate Tribunal (ITAT) Pune Bench has ruled that the Black Money Act is triggered only in the year in which the Assessing Officer (AO) first notices the foreign asset, and not in the year when the transaction…

Membership Required

You must be a member to access this content.

View Membership Levels

Already a member? Log in here
Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

Latest articles

Case Compilation

JURISHOUR | TAX LAW DAILY BULLETIN : MARCH 7, 2026

Here’s the Tax Law Daily Bulletin for March 7, 2026. GST GST DEPT. TO CONSIDER RESTORATION...
Columns

Time Limit to Claim Input Tax Credit under GST

Input Tax Credit (ITC) is a cornerstone of the Goods and Services Tax (GST)...
Direct Tax

Mere Uncorroborated Statement During Search Can’t Justify Presumption of Capitation Fee Collection: Madras High Court

The Madras High Court has dismissed a batch of tax appeals filed by the...
Company & PMLA

Money Laundering Can Arise From Handling Proceeds of Crime Even if Predicate Offence Occurred Earlier: Madras HC

The Madras High Court has held that money laundering can arise from handling proceeds...

More like this

Case Compilation

JURISHOUR | TAX LAW DAILY BULLETIN : MARCH 7, 2026

Here’s the Tax Law Daily Bulletin for March 7, 2026. GST GST DEPT. TO CONSIDER RESTORATION...
Columns

Time Limit to Claim Input Tax Credit under GST

Input Tax Credit (ITC) is a cornerstone of the Goods and Services Tax (GST)...
Direct Tax

Mere Uncorroborated Statement During Search Can’t Justify Presumption of Capitation Fee Collection: Madras High Court

The Madras High Court has dismissed a batch of tax appeals filed by the...

About us

About Jurishour – Juris Hour is an online news portal for reporting accurate and honest news, articles, judgments, Circulars, orders and notifications related to legal developments.

Company

Categories

© 2025 Juris Hour. All Rights Reserved.