https://www.taxtmi.com/caselaws?id=795597 Penalty jurisdiction under the Black Money Act requires that an approving authority not also exercise the power to levy a penalty where the statutory scheme assigns approval to the Joint Commissioner or Joint Director. The notes state that an Additional Commissioner acting as approving authority could not impose the penalty. They further identify that foreign-asset information, disclosure and tax payment arising in the financial year relevant to AY 2017-18 could not support an assessment for AY 2018-19, making that assessment and its consequential penalty unsustainable. A jurisdictional defect that voids the primary assessment may be raised in collateral penalty proceedings, so the penalty lacks a legal foundation. en-us Tue, 16 Jun 2026 00:00:00 +0530 Fri, 24 Jul 2026 08:36:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795597 Penalty jurisdiction under the Black Money Act requires that an approving authority not also exercise the power to levy a penalty where the statutory scheme assigns approval to the Joint Commissioner or Joint Director. The notes state that an Additional Commissioner acting as approving authority could not impose the penalty. They further identify that foreign-asset information, disclosure and tax payment arising in the financial year relevant to AY 2017-18 could not support an assessment for AY 2018-19, making that assessment and its consequential penalty unsustainable. A jurisdictional defect that voids the primary assessment may be raised in collateral penalty proceedings, so the penalty lacks a legal foundation. Case-Laws Income Tax Tue, 16 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795597