Black Money Act rulemaking lets the Board set valuation, procedural and administrative rules, with retrospective limits and parliamentary review. Authorises the Board, with Central Government approval, to make rules by notification to implement the Act, including valuation of undisclosed foreign assets, designation of tax authorities, forms and procedures for notices, appeals, declarations and Tax Recovery Officer documents, payment processes, valuer approval, authorised representative qualifications, transmission of documents, rounding methods and other prescribed matters; permits retrospective effect from commencement provided assessees are not prejudicially affected and requires rules to be laid before Parliament for thirty days subject to modification or annulment.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Black Money Act rulemaking lets the Board set valuation, procedural and administrative rules, with retrospective limits and parliamentary review.
Authorises the Board, with Central Government approval, to make rules by notification to implement the Act, including valuation of undisclosed foreign assets, designation of tax authorities, forms and procedures for notices, appeals, declarations and Tax Recovery Officer documents, payment processes, valuer approval, authorised representative qualifications, transmission of documents, rounding methods and other prescribed matters; permits retrospective effect from commencement provided assessees are not prejudicially affected and requires rules to be laid before Parliament for thirty days subject to modification or annulment.
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