In a relief for businessman Anil Ambani, the Bombay High Court on Monday stayed an Income Tax Department’s prosecution notice against the Reliance Group chairperson for non-disclosure of money under the Black Money Act and also directed against taking any coercive action against him till November 17.
The HC directed the I-T department not to take any coercive action against the embattled tycoon on a show-cause notice issued to him seeking to prosecute him under the Black Money Act, reported PTI.