<h1>Amendments to Black Money Act: Enhanced Authority for Tax Officials u/ss 46 & 55 Effective April 2018.</h1> The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 is set to be amended to enhance the authority of certain tax officials. Section 46 will be revised to allow the Joint Director to approve penalty orders, expanding the roles of the Assistant Director and Deputy Director. Section 55 will also be amended to permit the Principal Director General or Director General to issue instructions for proceedings related to undisclosed foreign income or assets. These changes, effective April 1, 2018, aim to streamline the enforcement process against undisclosed foreign income and assets.