India's tax administration is brainstorming ways to address the 'retrospective' character of the Black Money law. The government wants to resolve the retrospective element of the law without letting it lose its edge. Petitions before the court have questioned whether a law -- that could put the offender behind bars for 7 years -- can be used to punish someone for an offence that was committed when the specific law did not exist. Read The Rest at :
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