Govt expands CBDT committee on black money

Last Updated: Tuesday, October 11, 2011 - 16:35

New Delhi: The government has expanded the
CBDT Chairman led committee on black money by adding one more
member to it -- Member Investigation of the Income Tax
department.

Senior IRS officer S S Rana has recently taken over as
the Member (Investigation) in the Central Board of Direct
Taxes (CBDT) and with his inclusion, the strength of the
high-level committee has gone up to 10.
According to sources, the need to expand the strength of
the committee was felt as CBDT Chairman M C Joshi had recently
divested the Member (Investigation) charge to Rana

Rana is now handling all the probe cases related to tax
evasion and search-and-seizure operations by the I-T
Department which will form part of the panel`s deliberations.

The Committee has been constituted to examine ways to
strengthen laws to curb the generation of black money in the
country, its illegal transfer abroad and its recovery. It is
expected to submit its report by next month.
During its last meeting, the Law Ministry had told a
government panel on black money that imposing death penalty on
economic offenders would be barbaric and take the nation
backward.

The other members of the committee, besides Rana and CBDT
Chairman, are: CBDT Member (Legislation and Computerisation),
Director of the Enforcement Directorate, Director General of
Directorate of Revenue Intelligence (DRI), Director General
(Currency), CBDT Joint Secretary (Foreign Trade and Tax
Regulation), Director of the Financial Intelligence Unit,
CBDT`s Commissioner of Income Tax (Investigation), Joint
Secretary (Ministry of Law).

PTI



First Published: Tuesday, October 11, 2011 - 16:35
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