A quick look at what’s been going on in Asia and the Pacific…

The Supreme Court in India has ruled that an extension to the Black Money Act 2015 to former residents is not unlawful.

Provisions in India's 2019 federal budget that extended the Black Money Act to former Indian residents who received undisclosed foreign income or foreign assets after 1 July 2015 do not amount to retrospective law, the Supreme Court of India has ruled. Accordingly, it stopped an interim order from the Delhi High Court restraining the tax authorities from taking any action against non-resident Gautam Khaitan, and referred...