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2019 (6) TMI 406 - GUJARAT HIGH COURTSettlement Commission order u/s 245D(4) for undisclosed foreign income and assets under the Black Money Act - Jurisdiction in favour of the Settlement Commission to decide the issue pertaining to undisclosed foreign income and assets under the Black Money Act - HELD 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 of India, further submitted that till the matter is heard by the learned Division Bench, atleast the observation be made that the order under challenge dated 30.1.2019 shall not confer jurisdiction in favour of the Settlement Commission to decide the issue pertaining to undisclosed foreign income and assets under the Black Money Act. Issue notice, returnable on 17.6.2019.
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