Home Circulars & Notifications CBDT Issues Instructions Regarding Handling Of Income-Tax Cases And Black Money Cases

CBDT Issues Instructions Regarding Handling Of Income-Tax Cases And Black Money Cases

34
CBDT Issues Instructions Regarding Handling Of Income-Tax Cases And Black Money Cases
Spread the love
  •  
  •  
  •  
  •  
  •  
  •  
  •  

The Central Board of Direct Taxes (CBDT) issued instructions vide F. No. 225/24/2021/ITA-II dated February 23, 2021 containing the guidelines for transfer of Black Money Act case to respective Central Charges.

It has been decided that all cases under Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (BM Act) pending with Jurisdictional Income-tax Authorities, excluding those cases wherein ADIT(Inv.)/DDIT(lnv.) is exercising the jurisdiction under BM Act as per CBDT’s Notification issued vide S.OI590(E) dated 16.05.2017, shall be transferred to the respective Central Charges.

As per section 6 of the BM Act, jurisdiction of a Black Money Act case (BMA case) shall be decided as per the jurisdiction of the said case under the Income-tax Act,1961 (Income-tax Act) under section 120 or any other provision of that Act.

To operationalize smooth transfer of BMA cases to the respective Central Charges, various guidelines are being issued with this instruction.

Read Here:

Fullscreen Mode

 

Leave a Reply