Articles for Money Act

Initiation Of Prosecution U/S 51 Of Black Money Act Not Dependent On Completion Of Assessment Proceedings U/S 10 For Tax Evasion: Delhi HC
1 month, 1 week ago

Initiation Of Prosecution U/S 51 Of Black Money Act Not Dependent On Completion Of Assessment Proceedings U/S 10 For Tax Evasion: Delhi HC

Live Law  

The Delhi High Court has held that initiation of prosecution under Section 51 of the Black Money Act, 2015 is not dependent on completion of assessment proceedings initiated against an accused under Section 10 to determine tax evasion. It is relevant to note that the assessment under the Black Money Act is being made under Section 10, which falls in …

India Tax Court Tax Evasion Prosecution Assessment Black Money
Amendments in Black Money Act to remove penalty on undisclosed foreign assets worth ₹20 lakh: CBDT chief
4 months, 4 weeks ago

Amendments in Black Money Act to remove penalty on undisclosed foreign assets worth ₹20 lakh: CBDT chief

Live Mint  

Union Minister Nirmala Sitharaman tabled the Finance Bill in the parliament as part of the Union Budget 2024-25, which included an amendment to the Black Money Act. Central Board of Direct Taxes Chairman Ravi Agarwal stated on 25 July that the amendment in the Black Money Act would provide taxpayers relief from penalty when a situation arises if they fail …

Money Black Penalty Amendment Lakh Cbdt Tax Act
ACT farmers encouraged to introduce dung beetles in pastures to improve soil quality, reduce fly numbers and save money
6 months, 3 weeks ago

ACT farmers encouraged to introduce dung beetles in pastures to improve soil quality, reduce fly numbers and save money

ABC  

Decades ago, it wasn't possible to sit outside a Canberra cafe on the footpath and enjoy a bite to eat without your meal being overtaken by unwelcome diners. Mr Feehan, a dung beetle expert, said using the beetles as a biological resource in pasture land was both effective for improving soil quality and cheaper in the long run for farmers …

Farmers Species Soil Canberra Act Fly Bush
Banks liable if funds diverted from Rera accounts: H-Rera
10 months, 1 week ago

Banks liable if funds diverted from Rera accounts: H-Rera

Hindustan Times  

The Haryana real estate regulatory authority has directed that banks would be held liable if promoters of real estate projects withdraw funds from Rera accounts in violation of rules and divert them for other purposes, people familiar with the matter said. The Haryana real estate regulatory authority has directed that banks would be held liable if promoters of real estate …

Gurugram Funds Banks Act Rera Accounts Estate Project
California has billions to spend on mental health. Where should the money go?
1 year, 4 months ago

California has billions to spend on mental health. Where should the money go?

LA Times  

It was a ballot initiative born out of a lack of hope from advocates that Sacramento would ever fund the public mental health system. California is expecting a whopping $4.7 billion in Mental Health Services Act money for the 2023-24 fiscal year — and L.A. County generally receives about one-fourth of the total, according to data provided by the Legislative …

Health Home Mental Health Housing Services Money Funding
Arms dealer Bhandari flouted Black Money Act, says tribunal
1 year, 4 months ago

Arms dealer Bhandari flouted Black Money Act, says tribunal

Hindustan Times  

An appellate tribunal in Delhi has ruled that fugitive arms dealer Sanjay Bhandari created assets in London and Dubai, which he didn’t disclose to the income tax authorities to evade tax, violating the black money act of 2015. “In the instant case, Bhandari indulged in evasion of tax under Section 3 and 4 of the act of 2015,” the judgement …

India London Tax Money Black Income Act
Once Additions Made Under Black Money Act The Same Addition Cannot Be Made Under Income Tax Act: ITAT
1 year, 8 months ago

Once Additions Made Under Black Money Act The Same Addition Cannot Be Made Under Income Tax Act: ITAT

Live Law  

The Delhi Bench of the Income Tax Appellate Tribunal has held that once additions have been made under the Black Money Act, the same additions cannot be made under the Income Tax Act on the same set of facts.The bench of C.N. The Delhi Bench of the Income Tax Appellate Tribunal has held that once additions have been made under …

Tax Income Tax Act Income Held Act Itat Cit
SC order upholding ED’s powers will have far-reaching implications for democracy: Congress
2 years, 4 months ago

SC order upholding ED’s powers will have far-reaching implications for democracy: Congress

The Hindu  

The Supreme Court judgment that spells out the powers of the Enforcement Directorate will have far reaching implications for India’s democracy, the Congress said on July 27. In a statement, the party’s communication chief Jairam Ramesh, who had moved the Supreme Court to examine whether or not the Prevention of the Money Laundering Act can be classified as a Money …

Court Congress Bench
Cognizance Of Complaint Taken After 2 Yrs Not Ground For Considering Entitlement Of Anticipatory Bail: Chhattisgarh High Court
2 years, 10 months ago

Cognizance Of Complaint Taken After 2 Yrs Not Ground For Considering Entitlement Of Anticipatory Bail: Chhattisgarh High Court

Live Law  

Refusing to grant anticipatory bail under the Prevention of Money Laundering Act, 2002, the Chhattisgarh High Court held that merely because the case is registered on complaint and cognizance of the complaint is taken by the Court after about two years, will in itself is not a ground considering entitlement of anticipatory bail. An application was filed under Section 438 …

High Court Money Bail Case Fir Complaint Act
California needs to do more than just throw money at climate change. It must act
2 years, 11 months ago

California needs to do more than just throw money at climate change. It must act

LA Times  

For the second year in a row, California has been blessed with a massive budget surplus, and Gov. Combined with funds from last year’s state climate spending package, it would provide California with a total of $37 billion for climate-related initiatives over a six-year period. Newsom administration officials say the size of the spending package shows California’s actions are finally …

Climate Change Gas State Newsom Act Fossil Fuels California Needs
Enforcement Directorate Can't Seek Custody U/S 167 CrPC: Former Chancellor Of Alliance University Moves Karnataka HC Against Special Court Order
2 years, 11 months ago

Enforcement Directorate Can't Seek Custody U/S 167 CrPC: Former Chancellor Of Alliance University Moves Karnataka HC Against Special Court Order

Live Law  

Former Chancellor of Alliance University, Madhukar G Angur, who has been arrested by the Enforcement Directorate in an alleged money laundering case, has approached the Karnataka High Court challenging the special court's order dated January 10, remanding him to ED custody till January 17. Thereafter, on 10th, the Special Court allowed an application u/s 167 CrPC preferred by ED and …

University Act Petitioner Enforcement Directorate Crpc Moves Karnataka 167 Crpc
'Assessment May Continue But No Final Order': Delhi High Court Issues Notice In Robert Vadra's Plea Against Black Money Act Proceedings
3 years, 6 months ago

'Assessment May Continue But No Final Order': Delhi High Court Issues Notice In Robert Vadra's Plea Against Black Money Act Proceedings

Live Law  

The Delhi High Court on Friday issued notice to the Central Government, Central Board of Direct Taxes and Tax Department authorities in Robert Vadra's Plea challenging the proceedings initiated by the Respondent Authorities under Black Money Act and also for quashing the notices issued to him under sec. A division bench comprising of Justice Rajiv Shakdher and Justice Talwant Singh …

Tax Court Money Black Black Money Delhi High Court Order