Delhi High Court blocks Black Money Act move over involuntary residents in Rajiv Saxena case

Court says IT cannot use Black Money Act automatically

The Delhi High Court has stayed action under the Black Money (Undisclosed Foreign Income and Assets) Act against “involuntary residents” in the Rajiv Saxena matter. The court ruled the Income Tax Department cannot blindly apply the law to obtain foreign asset information, referencing the AgustaWestland case. It ordered the department to share details of the foreign assets in question.