2019 (3) TMI 1931 - HC - Income Tax

Constitutionality of the Black Money (Undisclosed Foreign Income Assets) and Imposition of Tax Act 2015 - HELD THAT - Having heard the learned counsel for the petitioner however we do not find any reason to either stay any of the provisions of the Act or prevent the Competent Authority under the said Act from passing appropriate orders on pending proceedings. Interim reliefs prayed in the petition are therefore refused.

Summary

The Bombay High Court considered legal issues challenging the Black Money Act, 2015. Notice of admission was issued to the Attorney General. The court refused to stay the Act's provisions or prevent the Competent Authority from taking action on pending cases.