https://www.taxtmi.com/highlights?id=83102 The petitioner challenged the summoning order and sought quashing of the complaint u/ss 50 and 51 of the Black Money Act, 2015, alleging undisclosed foreign assets. The petitioner argued that the complaint couldn't be filed before completing the assessment. The complainant/Income-Tax Department contended that the petitioner claimed association with foreign assets only in the past as a trustee, resigning from all fiduciary positions before April 2015. However, during a search on the petitioner's Chartered Accountant, it was discovered that the petitioner attempted to fabricate and backdate documents showing foreign assets held in a fiduciary capacity as trustee of Alrahma Trust, UAE, purportedly settled in 2006, and transferring trusteeship ..... en-us Thu, 14 Nov 2024 08:26:29 +0530 Thu, 14 Nov 2024 08:26:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=83102 The petitioner challenged the summoning order and sought quashing of the complaint u/ss 50 and 51 of the Black Money Act, 2015, alleging undisclosed foreign assets. The petitioner argued that the complaint couldn't be filed before completing the assessment. The complainant/Income-Tax Department contended that the petitioner claimed association with foreign assets only in the past as a trustee, resigning from all fiduciary positions before April 2015. However, during a search on the petitioner's Chartered Accountant, it was discovered that the petitioner attempted to fabricate and backdate documents showing foreign assets held in a fiduciary capacity as trustee of Alrahma Trust, UAE, purportedly settled in 2006, and transferring trusteeship ..... Highlights Income Tax Thu, 14 Nov 2024 08:26:29 +0530 https://www.taxtmi.com/highlights?id=83102