https://www.taxtmi.com/caselaws?id=758811 Where undisclosed foreign income is assessed under the Black Money Act, the same amount is not to be added again under the Income-tax Act, as recorded in the administrative instruction placed before the HC. The Court accepted that clarification as the operative position to prevent double addition of the same sum in parallel statutory proceedings. It also clarified that pendency of the writ petition does not bar the Income Tax Settlement Commission from resuming and concluding its proceedings in accordance with law, and directed expeditious disposal, preferably within six months of communication of the order. en-us Thu, 22 Feb 2024 00:00:00 +0530 Wed, 18 Sep 2024 17:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758811 Where undisclosed foreign income is assessed under the Black Money Act, the same amount is not to be added again under the Income-tax Act, as recorded in the administrative instruction placed before the HC. The Court accepted that clarification as the operative position to prevent double addition of the same sum in parallel statutory proceedings. It also clarified that pendency of the writ petition does not bar the Income Tax Settlement Commission from resuming and concluding its proceedings in accordance with law, and directed expeditious disposal, preferably within six months of communication of the order. Case-Laws Income Tax Thu, 22 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758811