evidence: In 2015, the Parliament enacted the Black Money (undisclosed foreign income and assets) Imposition of Tax Act, 2015 (‘the BMA’) to curb the menace of black money by providing stringent provisions for tax, penalty and prosecution levy. The enactment of the BMA provided for a separate taxation mechanism for undisclosed asset located outside India and undisclosed foreign income in addition to the existing provisions contained in the Income Tax Act, 1961 ("IT Act"). The provisions of BMA were made applicable to persons who were tax residents of India when undisclosed foreign income was earned or an undisclosed asset outside India was acquired. In essence, if an Indian resident failed to pay tax on such foreign income or the source of acquisition of the undisclosed asset, the BMA would be triggered. Upon its enactment, the BMAopeneda compliance window of three months from July 2015 to September 2015 for disclosure of assets located outside India and payment of tax of 30% and 100% of the tax as penalty. The persons who made disclosure were granted immunity from criminal prosecution.