Relaxation of conditions for prosecution under the Black Money Act

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....2026 C. RATIONALISING PENALTY AND PROSECUTION The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 [the Black Money Act] provides for penal and prosecution measure....

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....osures and to align the prosecution provisions with the penalty framework under the Black Money Act, it is proposed to amend sections 49 and 50 to provide that these provisions shall not apply in27 re....