Thursday, April 3, 2014

Supreme Court of India directs Central Government to take concrete steps to bring Black Money stashed abroad

In a landmark judgment, the Hon'ble Supreme Court of India vide its judgment dated 4th July 2011 directed the Central Govt to take concrete steps for bringing Black money stashed abroad, to India. This order was passed on a PIL filed by noted lawyer Mr. Ram Jethmalani. 

However, instead of complying with the said judgment, the Central Government challenged the said judgment by filing a Review Petition before the Supreme Court. The Govt requested the court to do away with the two retired Supreme Court judges who had been appointed by the Supreme Court to head the Committee of Govt. officers to oversee and implement this task. This Review Petition of the Central Govt has been rejected by the Supreme Court by its Order dated 26th March 2013. 

Sunil Goel advocate B.Sc. L.Lb L.Lm