New Delhi: Finance Minister Arun Jaitley on Monday said that the Centre has initiated tax-evasion proceedings against 60 Indian accounts that have allegedly parked black money in foreign accounts.
This remark of Finance Minister Jaitley had come on a day The Indian Express reported that 1,195 Indians were in the list of clients from 200 countries who held accounts in HSBC bank from 2006-2007.
The report of The Indian Express had claimed that top corporates and even some politicians were named in the “Swiss leaks”, which collaborated with the International Consortium of Investigative Journalists and the Paris-based Le Monde daily.
FM Jaitley had express the inability to take action against the names of account holders and said that government can’t proceed on the “Swiss leaks” reports on the basis of some names.
He also said, “The details that have come out today (Monday) are the ones we already have… question is not about names but evidences that we need.”
“Some new names have been revealed whose veracity would be checked by authorities.”
The 60 cases under the scanner have complaints under I-T laws, filed in various courts of the country. Investigations in these cases have been completed by the taxman as these cases will get “time barred” by March 31 after which any legal action against them could not be carried out.
The SIT had been headed by retired Supreme Court Judge Justice MB Shah. It said in its last report to the government and the Supreme Court in December 2014 that the black money holders name in HSBC Geneva list will be taken to their logical conclusion soon.
Bureau Report
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