https://www.taxtmi.com/caselaws?id=381329 The petitioner challenged the Income Tax Settlement Commission's order under Section 245D(4) of the Income Tax Act regarding undisclosed foreign income and assets under the Black Money Act. The Additional Solicitor General argued that the Settlement Commission lacks jurisdiction over such matters as they do not constitute part of the total income under the Income Tax Act. The Division Bench issued a notice clarifying that the order does not grant jurisdiction to the Settlement Commission under the Black Money Act, allowing direct service to inform parties of the limitations on the Commission's authority in such cases. en-us Fri, 31 May 2019 00:00:00 +0530 Sat, 08 Jun 2019 07:41:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381329 The petitioner challenged the Income Tax Settlement Commission's order under Section 245D(4) of the Income Tax Act regarding undisclosed foreign income and assets under the Black Money Act. The Additional Solicitor General argued that the Settlement Commission lacks jurisdiction over such matters as they do not constitute part of the total income under the Income Tax Act. The Division Bench issued a notice clarifying that the order does not grant jurisdiction to the Settlement Commission under the Black Money Act, allowing direct service to inform parties of the limitations on the Commission's authority in such cases. Case-Laws Income Tax Fri, 31 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381329