Panama Papers: I-T dept approaches dozen nations to widen probe

July 10, 2016 16:41

Faced with resistance in disclosures by those named in the Panama Papers, the Income Tax department has made foreign references to about a dozen countries in order to obtain actionable evidence against such Indian entities.

Officials said a special wing under the Central Board of Direct Taxes has made multiple requests to their counterparts in foreign nations as part of the I-T department's tax evasion probe against those named in these leaks.

They said that the taxman, in numerous cases in this list, was faced with non-cooperation and and non-acceptance of their accounts as revealed in the Panama papers and hence the department had to approach the foreign jurisdictions including Switzerland, British Virgin Island and the UK among others.

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