The Centre on Monday approached the Supreme Court against a Delhi High Court order that stated that the Black Money law can't be applied prior to the date of April 1, 2016, fixed by Parliament.
Solicitor General Tushar Mehta mentioned the matter before a bench of Justices Indira Banerjee and Sanjiv Khanna, saying that the order would have ramifications on several pending cases.
The top court allowed his plea for urgent hearing and listed the matter for consideration on Tuesday.
The high court had on May 16 passed its order restraining the government and the Income Tax department from taking further action against advocate Gautam Khaitan under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.
Khaitan had contended that the Centre's notification stating the Act would come into force since July 1, 2015, instead of April 1, 2016, was ultra vires the Act.
It was alleged that Khaitan, an accused in the VVIP chopper deal scam, had deposited Rs 6,000 crore in offshore accounts.