No Coercive Action Against Anil Ambani Under Black Money Act Over Alleged Tax Evasion of ₹420 Crore: Bombay High Court

The Bombay High Court has granted interim relief to industrialist Anil Ambani in connection with proceedings under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. The Court directed the Income Tax Department not to take any coercive action, including prosecution and penalty proceedings, against him until final disposal of the writ petition. The order was passed by a Division Bench comprising Justice Burgess Colabawalla…