Madras HC grants 45 Days for Obtaining Documents from a Closed Bank Account under Black Money and Imposition of Income Tax Act

The Madras High Court directed the Commissioner of Income Tax (Appeals) to allow the petitioner 45 days to obtain and submit documents from a closed bank account under the Black Money (Undisclosed Foreign Income and Assets) Act, 2015. The petitioner had appealed an order from the Income Tax department requiring documents, including bank statements from their DBS Bank account, which had been closed long ago. The petitioner's son was tasked with obtaining these statements from Singapore, necessitating the additional time. The court found the petitioner's request for 45 days reasonable and instructed the respondent to grant this extension. Suhrith Parthasarathy, counsel for the petitioner, argued that the writ petition was filed due to concerns that the time extension might be denied. The court disposed of the petition favorably, ensuring the petitioner could comply with the request for documents within the specified timeframe.