The Allahabad High Court (Lucknow Bench) has stayed the criminal proceedings and the summoning order issued against an applicant under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. The Court observed that the matter regarding the date of acquisition of the foreign asset and the corresponding reporting requirement “requires
Allahabad HC Stays Black Money Act Proceedings; Considers Dispute Over Asset Acquisition Date and Reporting Period
