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Income Tax - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

Prospective application of Black Money - the Act of 1961 does ...


1961 Black Money Act lacks imprisonment; 2015 Act includes it, so no double punishment for the same offense.

February 18, 2019

Case Laws     Income Tax     HC

Prospective application of Black Money - the Act of 1961 does not impose a punishment of imprisonment while the Act of 2015 does. In such circumstances, it cannot be said that, the petitioner has been sought to be punished twice for the same offence.

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