Section 55 of the Black Money (Undisclosed Foreign Income and ...
High Court Rules Against Retrospective Application of Black Money Act, 2015 u/ss 85 and 86.
October 16, 2019
Case Laws Income Tax SC
Section 55 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 - whether the High Court was right in observing that while exercise of the powers under the provisions of Sections 85 and 86 of the Black Money Act, the Central Government has made the said Act retrospectively applicable from 01.07.2015 and passed a restraint order? - Held No
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