Home >Companies >News >SC sets aside HC stay on proceedings against Gautam Khaitan under black money act

The Supreme Court on Tuesday set aside the decision of the Delhi High Court that had stayed proceedings against Gautam Khaitan who was booked under the black money act. Khaitan is an accused in the AgustaWestland VVIP chopper scam.

The high court had on 16 May restrained the Centre and the Income Tax Department from taking any action against Khaitan, who was booked under the black money Act. The Centre had filed petition in the SC challenging the decision of the high court

The apex court bench, presided by Justice Arun Mishra, also ordered the high court to decide the matter afresh.

The bench, also comprising Justices MR Shah and BR Gavai, lifted the high court’s stay on proceedings against Khaitan on the grounds that black money act of 2016 cannot have a retrospective effect.

The high court had, in its interim order, set aside the Centre’s notification to make the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act operational with effect from 1 July, 2015.

Khaitan, one of the accused in the 3,600-crore AgustaWestland VVIP chopper scam, had challenged the legality of various provisions of the black money law.

The AgustaWestland case refers to alleged bribes paid in the acquisition of helicopters from the now-defunct company for use by Indian VVIPs.

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