The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (latest 2027)

The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (22 of 2015) published by Whitesmann Publishing (Edition 2027, Book Code: B-13) is an authoritative Bare Act fully updated as amended by The Finance (No. 2) Act, 2024 (15 of 2024) (w.e.f. October 1, 2024).

It incorporates crucial subsidiary legislation and official updates including:

• The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Rules, 2015

• Statutory Notifications

Key Highlights & Features:

• Landmark Judgments Covered: Includes key rulings such as Dhanashree Ravindra Pandit & Ors. Vs. Deputy Director of Income Tax (unconstitutionality of retrospective criminal prosecution for assets prior to 2015), Union of India Vs. Gautam Khaitan (validity of commencement date and prospective vs. retrospective nature of penal provisions), and Ram Jethmalani and Ors. Vs. Union of India and Ors. (investigation of black money in foreign banks and SIT constitution).

• Supreme Court Guidelines: Features rulings regarding the powers of the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA) (Vijay Madanlal Choudhary Vs. Union of India).

• Editorial Aids: Features an introductory overview, short notes/comments, and landmark judicial highlights.