ITAT Allows Withdrawal of Appeals as CIT(A) Relief Goes Unchallenged in BMA Cases

Sonal Romy Mehta Vs Deputy Director of Income Tax (ITAT Mumbai) Assessees had filed appeals against the orders of CIT(A) NFAC, passed u/s 250 in proceedings under the Black Money (Undisclosed Foreign Income & Assets) & Imposition of Tax Act, 2015 (BMA). As the facts were identical, a consolidated order was issued, with BMA No. 25/Mum/2025 treated as the lead case. Assessees had initially raised several technical grounds—contending that (i) the information regarding the alleged foreign asset was obtained in 2013 (A.Y. 2014-15) when the BMA was not in force, (ii) the asset itself was n...