Section 65
Undisclosed foreign asset declared not to affect finality of completed assessments. Repealed
The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
About this Act
An Act to make provisions to deal with the problem of the Black money that is undisclosed foreign income and assets, the procedure for dealing with such income and assets and to provide for imposition of tax on any undisclosed foreign income and asset held outside India and for matters connected therewith or incidental thereto.
The
declarant shall not be entitled, in respect of undisclosed asset located outside India declared or any
amount of tax paid thereon, to reopen any assessment or reassessment made under the Income-tax Act or
the Wealth-tax Act, 1957 (27 of 1957) or claim any set off or relief in any appeal, reference or other
proceeding in relation to any such assessment or reassessment.