Black money: Top Indian tax team heads to Switzerland
October 14, 2014 17:09
A high-level delegation of tax and revenue officials is set to soon travel to Switzerland in order to pursue cases of black money and secret accounts held by Indians in banks in the Alpine nation.
Sources said that the delegation, which will lay special focus on a number of pending requests, will be led by Revenue Secretary Shaktikanta Das and will have CBDT Chairman KV Chowdary and two other officials of the finance ministry's foreign taxation wing as its members.
The official visit, sources said, was set up in quick time after the Supreme Court-appointed Special Investigation Team (SIT) was taken into confidence by investigative agencies that a one-on-one visit between the officials of the two countries was necessary to take the probe in these cases forward.
"The meeting will happen during this week," sources said.
Officials said that the decision to send the team has also been cleared by Finance Minister Arun Jaitley and the officials would be armed with legal documents, dossiers and the charter of the SIT to satisfy the Swiss authorities as to how much "importance India is giving to unravelling the facts in these cases keeping in mind public sentiments and the government's commitment to unearthing black money".
TOP STORIES
© 2024 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Feedback - About us - Terms of use - Grievances