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India, China hold fresh dialogue for complete disengagement on Western borders: MEAThakur says India is prepared for 2036 OlympicsCBDT substitutes Form in ITR-5EV Revolution: Lessons for India to learn from US and China!London court green-signals auction of luxury apartment of fugitive Nirav ModiGovt consults RBI; finalises borrowing plan for first half of FY 2024-25Gadkari says Farmers’ protest is politically-motivatedVP calls upon women entrepreneurs to be 'Vocal for Local'America offers USD 10 mn bounty for information on ‘Blackcat’ hackers after UnitedHealth gets hitI-T- The order of the ITSC can only be reopened in cases of fraud or misrepresentation: HC8 persons including Hezbollah militants killed in Israeli strike on LebanonI-T - Income so surrendered on account of investment in excess stock during course of survey cannot be brought to tax under deeming provisions of section 69B: ITATMacron pillories EU-South Africa trade deal; calls it ‘really bad’ in BrazilI-T-Power of revision need not be exercised where facts do not reveal any lack of enquiry by AO into relevant issue & when twin requirements of order being erroneous as well as prejudicial to Revenue's interests, are not satisfied: ITATThailand’s Lower House okays Bill to legitimise same-sex marriageI-T -Penalty u/s 271(1)(c) cannot be imposed where an assessee claims deduction u/s 80P while being ineligible therefor, but being under the bona fide impression of being eligible for such benefit : ITATYellen warns China against clean energy dumpingCus - Enhancement of declared value of imported goods is not tenable, where Department adduces no material to show how the enhanced value was computed & where no cogent rationale is made out for rejecting declared value: CESTATMilky Way’s central black hole - Twisted magnetic field observedCus - Assessee has not proved beyond reasonable doubt that goods in question imported under air way bills/bills of entry were in fact filed by him and hence the only natural corollary available to Revenue is confiscation of same: CESTATSmall investors help Trump Media’s valuation skyrocket to USD 13 billionST - When the facts are in the knowledge of department subsequent SCN alleging suppression cannot be issued and entire demand was found beyond normal period of limitation: CESTATFM Nirmala Sitharaman declines to contest LS elections as she has no fundsST - Tripura State Rifles not required to pay Service Tax under heading of Security Services, as it is is not engaged in business of providing security services: CESTATJustice Ritu Raj Awasthi joins as Judicial member of LokpalCX - Clandestine removal alleged based on consumption of raw inputs and heightened electricity usage - Tax demands based on third party statements but without permitting cross examination of deponents; case remanded to allow this exercise: CESTAT
 
Black Money Act - Power vested in one CIT(A) in each Pr CCIT jurisdiction

By TIOL News Service

NEW DELHI, APRIL 17, 2018: IN a way to curb the problem of Black money, the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (BM Act) has been enacted to provide for imposition of tax on undisclosed foreign income and asset held outside India and for matters connected therewith or incidental thereto.

Any person aggrieved with the order passed by the Assessing Officer under the BM Act, may file an appeal to the Commissioner (Appeals). However, Commissioner (Appeals) under the BM Act have not yet been notified and the jurisdiction has also not been assigned to such Commissioner (Appeals).

Consequently, it has been decided by the Board that one of the Commissioner (Appeals) in each Pr. CCIT Region may be given jurisdiction over the cases assessed under the BM Act. Further, it is proposed that such Commissioner (Appeals) to be notified under the BM Act, 2015 may be stationed, as per the table below: -

S.No.
Pr. CCIT Region
Station of the CIT (A) to be notified as Commissioner (Appeals) under the BM Act, 2015
1. Delhi Delhi
2. Mumbai Mumbai
3. NWR Chandigarh
4. Rajasthan Jaipur
5. UP East Lucknow
6. UP West and Uttarakhand Kanpur
7. Madhya Pradesh and Chattisgarh Bhopal
8. Bihar and Jharkhand Patna
9. West Bengal and Sikkim Kolkata
10. North Eastern Region Guwahati
11. Odisha Bhubaneswar
12. Andhra Pradesh and Telangana Hyderabad
13. Tamilnadu and Puducherry Chennai
14. Kerala Kochi
15. Karnataka and Goa Bengaluru
16. Pune Pune
17. Nagpur Nagpur
18. Gujarat Ahmedabad
19. International Taxation Delhi

Accordingly, the undersigned is directed to request to send a revised draft jurisdiction order of CIT(A) indicating the Span of Control (PCCIT/CCIT to whom CIT(A) will report) of your Region after assigning the jurisdiction of cases of BM Act to one CIT(A) of Region who will be stationed at the place as mentioned.

It is further requested that for the cases of International Taxation falling under BM Act, the same should be assigned to one CIT(A), who will be stationed at Delhi. This issues with the approval of Member (A&J).


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