Black Money: Supreme Court To Hear Centre’s Plea Today

Black Money: Supreme Court To Hear Centre’s Plea Today

NEW DELHI: The Centre on Monday moved the Supreme Court challenging a Delhi High Court order, which has ruled that the black money law can’t have a retrospective effect, that is, it cannot be applied prior to April 1, 2016, as fixed by Parliament.

Mentioning the matter before a Vacation Bench of Justices Indira Banerjee and Sanjiv Khanna, Solicitor General Tushar Mehta said the high court order would have implications on several cases pending before courts. Supreme Court will hear the case on Tuesday.

The Delhi High Court passed the order on May 16, preventing the government and the Income Tax Department from initiating any punitive action against advocate Gautam Khaitan under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.

Khaitan, an accused in the VVIP chopper deal scam, was arrested by the Enforcement Directorate (ED) on January 26 for allegedly depositing money in offshore accounts.

Khaitan challenged his arrest contending the Centre’s notification, which stated the Act would come into force from July 1, 2015, instead of April 1, 2016 (before it became operational), was ultra vires. (IANS)

Also Read: Top Headlines

Top Headlines

No stories found.
Sentinel Assam
www.sentinelassam.com