The Bombay High Court granted industrialist Anil Ambani interim protection from prosecution and penalties in a tax-evasion case while admitting his petition challenging provisions of the Black Money Act. Ambani contends that certain provisions of the law are unconstitutional and violate the Constitution of India.
The Supreme Court is set to address 400+ writ petitions on May 1st, challenging penal provisions under five laws. The laws under scrutiny include GST, Customs Act, Companies Act, Black Money Act, and FCRA. Additionally, a bench will address the validity of provisions under the Prevention of Money Laundering Act. Various pleas question the constitutionality and procedures of these laws.
