The Bombay High Court grants interim protection to Anil Ambani in a “tax evasion” case involving the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, according to reports from The Hindu and NDTV. The court considers Ambani’s plea that coercive action under the Act should not proceed while the matter is pending. The bench notes that an assessment order against Ambani has already been passed and that he has filed an appeal before the Commissioner of Income Tax (Appeals). The court also records that there are other petitions challenging or involving the operation of the Black Money Act that are before the High Court, and it admits Ambani’s plea for consideration. The court indicates that the matter will be taken up for final hearing in due course, while interim protection remains in effect in the interim period. The reports do not specify the duration of the protection or any final outcome at this stage.
Bombay High Court grants interim protection to Anil Ambani under Black Money Act
The Bombay High Court grants interim protection to Anil Ambani in a “tax evasion” case involving the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, according to reports...
- The Bombay High Court grants interim protection to Anil Ambani under the Black Money Act.
- The court notes an assessment order against Ambani has already been passed.
- Ambani has filed an appeal before the Commissioner of Income Tax (Appeals).
- The court says other petitions involving the Act are pending in the High Court.
- Ambani’s plea is admitted and is set for final hearing in due course.
A bench of Justices BP Colabawalla and Firdosh Pooniwalla on Tuesday noted that there are other petitions filed in HC against the Act and admitted Ambani's plea, which will be taken up for final hearing in due course.
2 months agoThe Bombay High Court noted that an assessment order against Anil Ambani has already been passed and that he has filed an appeal before the Commissioner of Income Tax (Appeals)
2 months ago
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