Cracking the whip, tax enforcement agencies are probing details of black money stashed abroad by several Indians including politicians and businessman on the basis of information received about secret accounts with a multi-national bank in Geneva.
Reacting to reports that three MPs from UP, Kerala and Haryana were being probed, the Central Board of Direct Taxes (CBDT) issued a press release saying no summonses have been issued to Members of Parliament (MP) in connection with investigation of black money cases.
"It has also been reported (in sections of press) that summons has been issued to some Members of Parliament. This information is factually incorrect and is therefore denied", CBDT said in a release.
Mukherjee had said recently that the government has received information from France about the overseas bank accounts of Indians. "In 69 cases, the taxpayers have admitted to unaccounted income of Rs 397.17 crore. Taxes of Rs 30.07 crore have also been paid," he had said.
India, according to the Finance Ministry, has so far received over 9,900 pieces of information from several countries regarding suspicious transactions by Indian citizens, which are now under different stages of processing and investigation.
The Department of Criminal Investigation will initiate legal proceedings in several cases in the next few months, sources said, adding that the cases would be dealt with under criminal provisions of the IT Act.
In a number of cases being probed by the DCI, the department plans to conducts searches and surveys for obtaining additional information.