SC stays Delhi HC order disallowing black money law to operate retrospectively

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  • The Supreme Court today stayed the Delhi High Court order which had held that the 2016 black money law cannot be allowed to operate with retrospective effect from July 2015 to book and probe offenders.
  • A vacation bench, headed by Justice Arun Mishra, gave the order while agreeing to hear the appeal of the Centre against the high court judgment.
  • The bench also stayed the May 16th order of the high court, which had restrained the Income Tax department from taking any action against VVIP chopper scam accused Gautam Khaitan, against whom a black money case has been lodged.
  • The bench issued a notice to Khaitan and asked him to file his response to the government’s petition within six weeks.
  • In its interim order, the Delhi High Court had stayed the Centre’s notification to make operational the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, with effect from July 1, 2015.
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