Black Money Act cannot be invoked over slight errors 

Additional Commissioner of Income Tax Vs Leena Gandhi Tiwari (ITAT Mumbai) The need to implement BMA in a strict manner, as learned Commissioner (DR) pleads for, can hardly be overemphasised. What it essentially means is that whenever any unaccounted income or undisclosed asset abroad is found, stern action, in accordance with the law, must be taken. Just as much as we must ensure that a guilty person does not go unpunished, we must also ensure that such tough laws, as the Black Money (Undisclosed Foreign Income & Assets) and Imposition of Tax Act 2015 (BMA) is, do not inconvenience genui...