The government handed over the list of 627 indians to SC......

Complying with the Supreme Court’s order, the government on Wednesday placed before the court the complete list of 627 Indians who have accounts in HSBC Bank, Geneva. Stating that almost half these names are under tax probe for allegedly stashing black money abroad, the government said charges have to be filed by March next year.As  the most of money in swiss bank is from India,Now the govt.wants to bring it back to India ASAP.
As directed by the court on Tuesday, the documents containing names of the account holders, correspondence with French authorities and the status report of the probe conducted so far in the black money case were submitted in separate sealed covers by Attorney General Mukul Rohatgi. The court said it would not make the names public at this juncture. Appearing before a bench headed by Chief Justice H L Dattu, Rohatgi said almost half the account holders were resident Indians, who could be prosecuted under the Income Tax laws, while the others were NRIs. Some have already admitted that they have accounts and have paid taxes, he said. The bench, also comprising Justices Ranjana P Desai and Madan B Lokur, said the court would not have asked for the entire list if the government had not opposed its directive to disclose everything. 

The court said it had already constituted a Special Investigation Team (SIT) to look into the case. “The SIT knows its job. They are not laymen. They may devise their own procedure if required. We had to ask you to give us the list because you filed this application. They will decide whether Income Tax or CBI or Enforcement Directorate need to probe,” it said. Rohatgi conceded that that the government’s intent was perhaps “misunderstood” and he would not press his application anymore in the court. The court directed that the documents be sent to the SIT, to be opened only by Chairman M B Shah and Vice-Chairman Arijit Pasayat, both former judges of the Supreme Court who are part of the SIT. Asking the SIT to submit a status report by November-end, the bench said the SIT would proceed in accordance with the law and could also evolve its own procedure with regard to the future course of investigation. Rohatgi said the entire list had already been given to the SIT on June 27, but the court retorted: “We don’t even know if the list that you have given to us is the same list that you have given to the SIT. It now for them to verify everything… it is for the SIT to now make use of these documents.” The next hearing of the case has been scheduled for December 3.



Comments

Post a Comment

Popular posts from this blog

NITI AYOG......................

Image
NITI Ayog :- The Government has replaced Planning Commission with a new institution named NITI Aayog (National Institution for Transforming India). A cabinet Resolution issued today gave details of the new institutions.  The institutional framework of government has developed and matured over the years.   This has allowed the development of domain expertise which allows us the chance to increase the specificity of functions given to institutions.  Specific to the planning process, there is a need to separate as well as energize the distinct ‘process’ of governance from the ‘strategy’ of governance. 1). Fullform of NITI Ayog Ans- National Institution for Transforming India Aayog 2). National Institution for Transforming India Aayog replaces- Ans-Planning Commission 3). NITI Ayog was formed on Ans-1 January 2015 4).Chairperson of : NITI Ayog Ans-Prime Minister of India 5).Who is the Present Chairperson of NITI Ayog Ans- Prime Minister Narendra Modi 6). Vice Chairperson: NI
Read more

Coding and Decoding ...........[competitive. exam prep.... topic 20]

Image
Coding is a system of signals. This is a method of transmitting information in the form of codes or signals without it being known by a third person. The person who transmits the code or signal, is called the sender and the person who receives it, is called the receiver. Transmitted codes or signals are decoded on the other side by the receiver—this is known as decoding. Most competitive exams have a dedicated section of Coding –Decoding in Reasoning or Mental Ability. Many of students and readers find difficulty to solve questions based on Coding – Decoding in Mental Aptitude. The Coding and Decoding Test is set up to judge the candidate’s ability. Coding and decoding tips are very useful to those who are preparing for the attending the bank exam IBPS, SBI, LIC AAO, UPSC, IAS, CAT, XAT, MAT, SSC, GATE, and other competitive exams. We have also published the Solved examples for the coding and decoding aptitude. Coding is a process of sending a message from master to slave that
Read more

Calendar ........[competitive. exam prep.... topic 29]

Image
 Most of the students are having difficulties in solving the Calendar problems. The number of days more than the complete number of weeks in a given period, are called odd days. For example : (1) In an ordinary year (of 365 days) there are 52 weeks and one odd day. (2) In a leap year (of 366 days) there are 52 weeks and two odd days. What is the Leap and Ordinary year ? Every year which is exactly divisible by 4 such as 1988, 1992, 1996 et. is called a leap year. Also every 4th century is a leap year. The other centuries, although divisible by 4, are not leap years. Thus, for a century to be a leap year, it should be exactly divisible by 400. For example : (1) 400, 800, 1200, etc are leap years since they are exactly divisible by 400. (2) 700, 600, 500 etc are not leap years since they are not exactly divisible by 400. How to find number of odd days :An ordinary year has 365 days. If we divide 365 by 7, we get, 52 as quotient and 1 as remainder. Thus, we may say tha
Read more