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Section 65 - Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
65. Undisclosed foreign asset declared not to affect finality of completed assessments.-
The declarant shall not be entitled, in respect of undisclosed asset located outside India declared or any amount of tax paid thereon, to reopen any assessment or reassessment made under the Income-tax Act or the Wealth-tax Act, 1957 (27 of 1957) or claim any set off or relief in any appeal, reference or other proceeding in relation to any such assessment or reassessment.
Related Sections
- Section 77: Appearance by approved valuer in certain matters
- Section 68: Declaration by misrepresentation of facts to be void
- Section 43: Penalty for failure to furnish in return of income, an information or furnish inaccurate particulars about an asset (including financial interest in any entity) located outside India
- Section 46: Procedure
- Section 7: Change of incumbent
Related Acts
* Only for reference.