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HomeDirect TaxTOLA Extensions Doesn’t Apply to Black Money Act Proceedings: ITAT

TOLA Extensions Doesn’t Apply to Black Money Act Proceedings: ITAT

Direct Tax

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By Mariya Paliwala
TOLA Extensions Doesn’t Apply to Black Money Act Proceedings: ITAT

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The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed an assessment framed under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (BMA), holding that the assessment order was passed beyond the statutory limitation period and that the extensions granted under the Taxation and Other Laws (Relaxation…

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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.

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