A Treatise on the Black Money Act of India – Law Practice & Jurisprudence by CA T P Ostwal and CA Kush Vatsaraj – 1st Edition 2026

Description

A Treatise on the Black Money Act of India – Law Practice & Jurisprudence offers a comprehensive analysis of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (BMA), based on a decade of ITAT decisions and High Court rulings. It examines assessments, appeals, penalties, and prosecutions, providing insights into tax authorities’ practices and common legal challenges.

The BMA has raised awareness about the issue of foreign black money but its effectiveness in recovering overseas assets and penalizing tax evaders is being tested due to various practical and judicial challenges.

The book evaluates the law’s substantive and practical provisions to enable better understanding and compliance. It serves as a vital resource for tax and legal practitioners, taxpayers, and authorities, addressing theoretical interpretations, key judicial rulings, and providing a framework for understanding complex BMA cases.