Bombay High Court issues notice to Attorney General in petition filed by Anil Ambani challenging income tax proceedings initiated under the Black Money Act.
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Bench led by Justice GS Patel: There is a challenge to the vires of the Black Money Act.
Notice returnable on February 20.
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Notice returnable on February 20.
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Patel J: A person conducts himself in certain manner, you criminalise it and that too in retrospective manner how is that allowed!
Supposed for years, I have claimed certain deductions, you come up with an act saying it is illegal, and going back 20 years!
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Supposed for years, I have claimed certain deductions, you come up with an act saying it is illegal, and going back 20 years!
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You come back and say that I claimed deduction on books outside your jurisdiction and plus held it criminal.
You are saying that I should have known that what government is to do 10 years ago. This is the most simple and absurd example.
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You are saying that I should have known that what government is to do 10 years ago. This is the most simple and absurd example.
#BombayHighCourt
Patel: We are giving notice. Notice has to be formally issued since there is challenge to the vires of an Act.
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#BombayHighCourt
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