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Bombay HC Stays IT Dept's Prosecution Notice To Anil Ambani Over Alleged Secret Funds In Swiss Bank Accounts
Sharmeen Hakim
26 Sept 2022 1:45 PM IST
The Bombay High Court on Monday granted interim relief to Reliance ADA Group chairman Anil Ambani and restrained the Income Tax Department from acting on a prosecution notice issued to him for alleged non-disclosure of money in two Swiss Bank Accounts amounting to approximately Rs. 814 crore.The show cause notices were issued on August 8, 2022, under sections 50 and 51 of the Black...
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