Notification F. No.225/24/2021fITA-II, dated 23-02-2021
The Central Board of Direct Taxes (CBDT) has decided to transfer all cases under Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 pending with Income-tax authorities to respective Central Charges. However, those cases wherein ADIT(Inv.)/DDIT(lnv.) is exercising the jurisdiction under BM Act shall not be transferred.
The board has also issued guidelines to operationalize smooth transfer of BMA cases to the respective Central Charges.