We will verify names first before taking action: SIT
The Special Investigation Team (SIT) Chairman M B Shah on Monday said that they will first verify names from their side and then take any legal action.
Feb 09, 2015, 16:35 PM IST
Govt, SIT widen black money probe as new HSBC list emerges
The Supreme Court-appointed Special Investigation Team (SIT) today discussed the fresh list and felt that there could be 100 new names in it.
Feb 09, 2015, 16:28 PM IST
None in my family has foreign bank accounts: Narayan Rane
Congress leader and former Maharashtra chief minister Narayan Rane Monday categorically denied that either he or any of his family members held accounts in any foreign bank.
Feb 09, 2015, 15:12 PM IST
Black money: SIT to discuss new names; review old ones today
The Special Investigation Team (SIT) on black money will hold a meeting today to discuss status of cases of Indians found to have been holding illegal accounts abroad and disclosures made by an international private investigation.
Feb 09, 2015, 11:59 AM IST
Black money: SIT recommends jail term for tax evaders
The SIT on black money has recommended that tax evaders should henceforth be prosecuted as against the practice of letting them off in lieu of penalty.
Jan 21, 2015, 11:27 AM IST
SIT on black money suggests a cap of Rs 15 L with individuals
The Special Investigating Team (SIT) on black money has suggested to the Supreme Court that a ceiling of Rs 15 lakh be imposed on the maximum cash currency that an individual/entity is allowed to possess at a particular point of time to curb the menace.
Jan 20, 2015, 22:31 PM IST
Black money: CBDT issues directive to finish probe by March 31
Investigations against black money holders in Swiss bank accounts have been put on a fast-track as the CBDT has asked tax sleuths to gather all evidences and render final action by March-end.
Jan 13, 2015, 16:49 PM IST
SIT to submit 2nd report on black money by month end: FinMin
He further said the government is providing all necessary assistance to SIT.
Nov 25, 2014, 21:02 PM IST
Black money: Mauritius assures help to India in SIT's probe
Mauritius, often accused of being a route for round-tripping of funds by Indians, Monday conveyed to Indian government that it was ready to support its Special Investigation Team (SIT) to unearth black money.
Nov 03, 2014, 17:42 PM IST
Black money probe: Swiss banks mull anticipatory meaures
The banks are also said to be lobbying with the Swiss government that it should ask the Indian authorities to put in place a 'settlement' mechanism to deal with the suspected entities.
Nov 02, 2014, 14:48 PM IST
Black money: Info can't be disclosed outside specific proceedings, says Switzerland
Amid a debate on disclosure of names of suspected black money holders, Switzerland today said information exchanged under Swiss-India tax treaty cannot be disclosed "in principle" to a court or any other body outside the proceedings of a 'specific and relevant' case.
Oct 30, 2014, 16:24 PM IST
Parl panel to review measures taken to unearth black money
As government grapples with the issue of black money, a Parliamentary committee has decided to review the subject of "unaccounted" money and its generation.
Sep 17, 2014, 17:38 PM IST
Bank, foreign trip details on I-T returns likely soon?
SIT has initiated steps for bringing back black money stashed away by Indian citizens in foreign banks.
Aug 22, 2014, 10:30 AM IST
Black money: SIT may submit ATR to SC on Wednesday
The Special Investigation Team (SIT) on black money is expected to submit an action taken report on its findings and recommendations on the illegal funds issue to the Supreme Court Wednesday.
Aug 19, 2014, 23:18 PM IST
Black money: India gets 24,000 pieces of secret foreign data
In its effort to unearth black money stashed away abroad, India has received data on over 24,000 instances of alleged tax evasion and dubious funds which has been detected in foreign shores in the last financial year.
Aug 10, 2014, 14:05 PM IST
All info about black money will be made public: Govt
India has made a fresh request to Switzerland seeking bank details and names of Indians having unaccounted money in the country's banks.
Jun 30, 2014, 20:43 PM IST
Black money: SIT decides to solve tax treaties' secrecy puzzle
Tasked with the job of recovering illicit wealth stashed away by Indians, the SIT on black money has decided to look into the contentious issue of secrecy clauses in India's tax treaties with Switzerland and other countries.
Jun 08, 2014, 21:19 PM IST
