https://www.taxtmi.com/caselaws?id=380342 The court ruled in favor of the petitioner, granting interim relief to prevent actions under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, before its official commencement date. The court held that the Government lacked authority to exercise powers under the Act retroactively, emphasizing adherence to the statutory commencement date set by Parliament. Consequently, the respondents were restrained from taking any action against the petitioner based on the challenged order until the next hearing. Further proceedings were scheduled for 04.07.2019. en-us Thu, 16 May 2019 00:00:00 +0530 Thu, 21 May 2026 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380342 The court ruled in favor of the petitioner, granting interim relief to prevent actions under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, before its official commencement date. The court held that the Government lacked authority to exercise powers under the Act retroactively, emphasizing adherence to the statutory commencement date set by Parliament. Consequently, the respondents were restrained from taking any action against the petitioner based on the challenged order until the next hearing. Further proceedings were scheduled for 04.07.2019. Case-Laws Income Tax Thu, 16 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380342