Court raised questions on the notice sent by the Income Tax Department to Anil Ambani under the Black Money Act

The Bombay High Court on the notice sent by the Income Tax Department against Reliance ADAG Chairman Anil Ambani in a tax evasion case Raising questions on Monday, he said that how some provisions of the Black Money Act can be implemented from the previous date. A division bench of Justice Gautam Patel and Justice SG Dige, while hearing Ambani’s petition, said how can a person know what the government is going to do in the future.

The Income Tax Department had sent a notice to Anil Ambani in the case of alleged tax evasion of Rs 420 crore. He is accused of evading tax on Rs 814 crore deposited in two Swiss accounts. In this notice, it was said to prosecute Ambani under sections of the Black Money Tax Imposition Act, 2015. Under these, there is a provision of imprisonment for a maximum of 10 years.

Ambani, chairman of Reliance ADAG, has challenged the show-cause notice sent by the Income Tax Department in this petition. Along with adjourning the hearing of the case till February 20, the court extended its September 2022 order not to take any coercive steps against Ambani.

The Income Tax Department had sent a notice to Anil Ambani on August 8, 2022 in the case of alleged tax evasion of Rs 420 crore. He is accused of evading tax on Rs 814 crore deposited in two Swiss accounts. In this notice, it was said to prosecute Ambani under sections 50 and 51 of the Black Money Tax Imposition Act, 2015. There is a provision of maximum 10 years of imprisonment under these sections.

During the hearing, Justice Patel said, a person behaves in a certain way. Then the government declares it a crime with retrospective effect. It is fine to say that a person cannot do that work now, but how can it be enforced retrospectively. ( input language )

Leave a Comment

Your email address will not be published. Required fields are marked *