The Supreme Court on Wednesday expressed approval of the efforts the government has made on repatriating untaxed wealth which has been stashed abroad. The nations top legal body had repeatedly rapped the previous United Progressive Alliance (UPA) government for doing nothing to bring back black money, even three years after it formed a Special Investigation Team (SIT). Some progress has been made, a Bench headed by Justice H.L. Dattu said after perusing the contents of the first interim report submitted in a sealed cover by the 13-member Special Investigation Team (SIT) headed by Justice (retd) M.B. Shah. The court is hearing a PIL filed by senior criminal lawyer and Bharatiya Janata Party (BJP) leader Ram Jethmalani seeking SCs intervention to bring back over Rs 70 lakh crore worth of black money. Recovering the money was also a prominent topic in the BJPs election manifesto. According to sources, the SIT has said in its report that it has received data on over 24,085 instances of alleged tax evasion and dubious funds that have been detected on foreign jurisdictions in the last financial year..!!
Posted on: Sat, 18 Oct 2014 08:46:41 +0000
Trending Topics
Recently Viewed Topics
© 2015