A Black Money probe has been started by the Indian Central Government that it will take the legal proceedings against 60 people of India and possible of revealing their names too. Get the complete report released after the instruction by Special Investigation Team
Finance Minister Arun Jaitley (BJP)
Indian central government has started the legal proceedings against the 60 Indians and articles held over there those who have supposedly hoarded the black money in their illegal accounts. In addition to that they said that their names might be also revealed soon. The sources of PTI quoted, “The disclosures of these names are part of the government’s commitment to curb cases of black money and of illegal funds stashed abroad by Indians. The IT department aims to get conviction in these cases very fast.”
The Income Tax department of India came to a conclusion that the enquiry and filed tribunal complaints towards the 60 people and the entities, along with the private sector officials, business houses and other people, who will countenance the tax elusion prosecution actions. The accounts that are in the control of scrutiny have the black money stashed to the count of about Rs 1,500-1,600 crore.
Subsequent to the instructions of the SIT, the Special Investigation Team that which is having the entire case of black money and the illegal resources that were supposed by the Indians overseas, the IT department started the probe and filed the complaints in many courts all over the India. The IT department is boosting the measures of all the cases, as by 31st March as these cases will turn into the time debarred.
Owing to this, the official proceeding towards any of them can’t be engaged as the cases affect to the time period of 2008-2009. In the month of October 2013, the Centre had acquiesce the total record of 627 account owners with the black money counted in HSBC Bank, Geneva, to the Supreme Court. The summit court had regimented the government to yield the total list and not just in some names.