INCOME TAX: Notice issued and accepted by respondents in SLP against impugned order of High Court holding that when order under section 245D came to be passed, respondents were not assessees as contemplated under Black Money Act; accordingly, provisions thereof did not apply to them and, therefore, undisclosed foreign income and assets of respondents had rightly been assessed under Income-tax ActINCOME TAX: Notice issued and accepted by respondents in SLP against impugned order of High Court holding that when order under section 245D came to be passed, respondents were not assessees as contemplated under Black Money Act; accordingly, provisions thereof did not apply to them and, therefore, undisclosed foreign income and assets of respondents had rightly been assessed under Income-tax Actwww.taxmann.com Latest Case LawsRead More
