2019 (6) TMI 406

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....OVERNMENT STANNDING COUNSELWITH MR PATHIK M ACHARYA, ANKIT JAIN AND SHRI AMAN MALIK, ADVOCATES (3520) ORAL ORDER 1. Heard, learned Additional Solicitor General of India Shri Sanjay Jain appearing with Shri Ravi Prakash learned Central Government Standing Counsel assisted by learned advocates Shri Ankit Jain, Shri Pathik Acharya and Shri Aman Malik, for the petitioner. 2. The petitioner, by wa....

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....nd assets acquired outside India. He then submitted that as per the provisions of sub-section (3) of Section 4, the income included in the total undisclosed foreign income and assets under the Black Money Act, does not form part of the total income under the Income Tax Act. Thus, the Settlement Commission has no authority and jurisdiction to deal with the undisclosed foreign income and assets. 5....