Accounts published June 10, 2026 show that The Bombay High Court granted industrialist Anil Ambani interim protection from prosecution in a Black Money Act case involving alleged Rs 420 crore tax evasion.
Justices B.P. Colabawalla and Firdosh Pooniwalla barred coercive action, including penalties, pending constitutional review of the 2015 law.
Ambani challenged provisions as ultra vires, arguing retrospective application to assessment years 2006-07 and 2010-11.
Income-tax authorities allege undisclosed Swiss accounts; Ambani’s appeal before the Commissioner continues under the court’s supervision.
Sections 50 and 51 of the Act carry up to ten years’ imprisonment for willful concealment of foreign assets.
Representatives for Bombay High Court did not immediately revise prior guidance in first-pass comments reviewed on June 10, 2026.
Bar associations circulated practice notes reminding advocates to verify citations from primary reporters.
Appellate benches have not listed related matters for the week following June 10, 2026 hearings.
Court registries posted cause lists indicating when replies and rejoinders must be filed by counsel.
Litigants may obtain certified copies once docket entries are finalized after typographical corrections.
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Sources:
https://indianexpress.com/archive/2026/06/10/