Initiation of Prosecution u/s 51 Black Money Act Dependent on Completion of Assessment Proceedings u/s 10 for Tax Evasion: Delhi HC

The Delhi High Court ruled that prosecution under Section 51 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, can only be initiated after the completion of assessment proceedings under Section 10 of the same Act. The court emphasized that the assessment process determines the extent of tax evasion, forming the basis for any subsequent prosecution. This ruling ensures that legal actions are grounded in verified assessments, providing a clear procedural framework for prosecuting tax evasion involving undisclosed foreign assets. The decision promotes fairness and due process in enforcing the Black Money Act.