SC to hear I-T dept plea against quashing of black money case involving Chidambaram’s family

The Supreme Court Tuesday agreed to hear the Income Tax department’s appeal challenging the Madras High Court order which quashed criminal prosecution against senior Congress leader P Chidambaram’s family members under the black money law. The top court, however, refused to stay the order of the high court. A bench of Chief Justice Ranjan Gogoi […]

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Black money case: Court grants bail to K K Modi

fake currency

Modi Group Chairman K K Modi was today granted bail by a Delhi court in a black money case filed by Income Tax Department which alleged he was attempting to evade tax by not disclosing money stashed in a Swiss bank. The court gave the relief to 75-year-old Modi, a South Delhi resident, after he […]

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Supreme Court bench divided on black money probe

The Supreme Court’s two judges have disagreed today on whether a special committee should be established to supervise the government’s efforts to bring black money back to India. The Supreme Court announced a divided decision today. This was regarding the maintainability of application of government which aimed to recall the Supreme Court’s order on establishment […]

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Supreme Court slams ED in black money case

The Supreme Court Wednesday slammed the Enforcement Directorate (ED) for interrogating Hasan Ali, allegedly country’s top tax evader, only in 2011 when the case was registered against him in 2007. The apex court bench of Justice B.Sudershan Reddy and Justice S.S. Nijjar said, “Case was registered in 2007 and custodial interrogation takes place in 2011. […]

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