The government today placed 18 names and documents of account holders in Liechtenstein Bank in Germany before the Supreme Court in a sealed cover.
After submitting the reports, the government told the apex court that Income Tax probe is complete in all 18 cases and prosecution has been launched in 17 as one person has died.
The Supreme Court said it would discuss the content of documents and hear the matter on Thursday.
The court had reproached the government over its reluctance to share information received from Germany about individuals stashing money in Liechtenstein Bank and cautioned it against contempt actions.
While posting the matter on April 29, a bench had asked the Solicitor General to take proper instruction from the Revenue Secretary and also respond as to what prevented the government from complying with the court orders.
The court had lashed out at the UPA government for its “inaction” in bringing back black money.
FE Online | Financial Express
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