Banco Products (India)

Bombay High Court grants interim protection to Anil Ambani in tax evasion case, admits his plea challenging the constitutional validity of Black Money Act. HC directs Union government to file affidavit, says no coercive action to be taken against Ambani till final disposal of the case. Ambani accused of evading taxes on undisclosed funds of over Rs 814 crore in Swiss bank accounts.