In Brief
The Union of India challenged an interim order by the High Court that had suspended the validity of a declaration made under the Black Money Act, 2015. The Supreme Court held that the amended date prescribed by Section 1(3) of the Act was substituted specifically to allow assessees to take advantage of the one-time amnesty window under Section 59. The interim order failed to account for this legislative amendment and therefore could not be sustained. The Court quashed the interim order and remitted the matter to the High Court to decide the underlying petition on merits, uninfluenced by the Supreme Court's observations.
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