SC to hear Centre's plea on retrospective effect of Black Money Act 2016

Supreme Court will hear today the Centre's plea challenging Delhi High Court order staying its notification to allow the 2016 black money law to operate with retrospective effect from July 2015 to book and probe offenders. 

The Centre is also aggrieved by the interim order of the high court that restrained the Income Tax (I-T) department from taking any action against VVIP chopper scam accused Gautam Khaitan, against whom a black money case has been



lodged.

 

The high court, in its order, said the Black Money, Undisclosed Foreign Income and Assets, and Imposition of Tax Act, which was enacted in April 2016, cannot be allowed to operate with retrospective effect from July 2015. 

Khaitan is one of the accused in the 3,600-crore rupees AgustaWestland VVIP chopper scam. He has challenged the legality of various provisions of the black money law.