2022 (9) TMI 1614

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....lani a/w Mr. Mufaddal Paperwala i/b Mrs. Crawford Baley and Co. For the Respondent Nos. 2 and 3 : Mr. Akhileshkumar Sharma P.C. :- 1. We have heard Mr. Rafiq Dada, learned senior counsel for the petitioner. 2. Learned senior advocate submits that the impugned show cause notice is issued under the provisions of Sections 50 and 51 of the Black Money (Undisclosed Foreign Income and Assets) and I....

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....avan and Anr. Vs. Machindra Yeshwant Patil and Anr. (2001) 3 SCC 33. 3. Learned senior counsel further submits that the Act came into force in the year 2015. The transactions alleged are of the assessment year 2006 and 2010-11. The criminal provisions cannot have retrospective effect. Reliance is placed on Article 20 of the Constitution of India. 4. Learned senior counsel further submits that th....