Supreme Court of India · 2019-10-15
UNION OF INDIA vs GAUTAM KHAITAN
- Citation / case number
- SC 2019/18949
- Court
- Supreme Court of India
- Petitioner
- UNION OF INDIA
- Respondent
- GAUTAM KHAITAN
- Author
- HON'BLE MR. JUSTICE B.R. GAVAI
- Bench
- HON'BLE THE CHIEF JUSTICE, HON'BLE MR. JUSTICE R. SUBHASH REDDY, HON'BLE MR. JUSTICE B.R. GAVAI
Judgment text excerpt
The Supreme Court addressed the validity of the Delhi High Court's interim order restraining actions under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, specifically Sections 55, 85, and 86. The Court held that the retrospective applicability of the Act from 01.07.2015 was lawful, emphasizing the Act's purpose to combat black money and ensure compliance with tax obligations. The appeal was allowed, thereby lifting the restraint imposed by the High Court.