Calcutta HC Directs Swift Adjudication of Appeals on Black Money Act Assessments

Vikash Marda Vs Union Of India And Ors (Calcutta High Court) Introduction: The Calcutta High Court, in the case of Vikash Marda Vs Union Of India And Ors, directed the Commissioner of Income Tax (Appeals) [CIT(A)] to adjudicate pending appeals related to assessments made under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. The court’s direction came as a response to the pending appeals from the assessment years 2014-15, 2015-16, and 2016-17. Analysis: The appeals under scrutiny concern assessments made under the Black Money Act, a statute designe...