2020 (1) TMI 1405 - HC - Income Tax

High Court grants relief, finds lack of jurisdiction under Black Money Act. Liberty to proceed with Competent Authority notices.

The High Court of Madras allowed the writ petitions, finding the respondent lacked jurisdiction under the Black Money Act. The court granted liberty to ... Black Money (Undisclosed Foreign Income and Assets) Imposition of Tax - imposition of tax and summons issued challenged - HELD THAT:- As respondent has filed the counter affidavits and stated that as per the Notification issued by the CBDT, the respondent is not having jurisdiction to issue notice and proceed under the said Act and therefore the proceedings are void ab intio and infructuous. The competent authority [DDIT (Inv), Unit-2(3), Chennai] has already issued notices to the petitioner and thus the writ petition has to be dismissed. In view of the above, both the Writ Petitions are allowed. The High Court of Madras allowed the writ petitions challenging notices under the Black Money Act, stating the respondent lacked jurisdiction. The court granted liberty to the respondent to proceed according to notices by the Competent Authority. No costs were awarded.