2019 (6) TMI 406

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..... D THAT:- As 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. Additional Solicitor General o .....

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..... itor 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 way of captioned writ petition, challenges the order dated 30.1.2019, passed by the Income Tax Settlement Commission, Additional Bench I .....

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..... 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. Mr. Jain, learned Additional Solicitor General of India, further submitted that till the mat .....

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