https://www.taxtmi.com/caselaws?id=792702 Salary earned in Sweden and credited to a Swedish bank account was examined under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, with the Tribunal reading sections 2(12), 3 and 4 harmoniously and treating the foreign account as a foreign asset linked to the income. It also noted that, on the facts, the Department received the relevant information only in November 2021, so taxation could not be sustained in the earlier assessment years on a year-of-detection basis. Further, Article 15 of the India-Sweden treaty, read with section 90(2) of the Income-tax Act, was applied to recognise Sweden's taxing over the remuneration and the more beneficial treaty position. en-us Mon, 04 May 2026 00:00:00 +0530 Tue, 02 Jun 2026 08:47:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792702 Salary earned in Sweden and credited to a Swedish bank account was examined under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, with the Tribunal reading sections 2(12), 3 and 4 harmoniously and treating the foreign account as a foreign asset linked to the income. It also noted that, on the facts, the Department received the relevant information only in November 2021, so taxation could not be sustained in the earlier assessment years on a year-of-detection basis. Further, Article 15 of the India-Sweden treaty, read with section 90(2) of the Income-tax Act, was applied to recognise Sweden's taxing over the remuneration and the more beneficial treaty position. Case-Laws Income Tax Mon, 04 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792702