ww.removehunger.com The Supreme Court on Thursday asked the Central government to file its plan of action on dealing with the black money issue by February 3.
"We want to know what steps you have taken against the people who have accumulated so much money in foreign banks. What are the sources of the money," said the apex court.
"You are aware of some names; have you set law in motion against them? And why are you repeatedly talking about tax issues only?" the SC asked the government.
"Looking at the issue from the taxation point of view is just one aspect but there are other serious matters associated with the black money which we are concerned about.”
The government faced the SC wrath two days after it held a press conference to disclose its strategy in dealing with Indian money in foreign banks.
“The government has nothing to hide. We can't get any information on black money unless there is legal framework. Whatever information we have got is on condition of secrecy. We have given names to Supreme Court,” Mukherjee said.
“India has initiated process of negotiation with 65 countries to broaden the scope of Article concerning Exchange of Information to specifically allow for exchange of banking information and information regarding taxpayers not covered by DTAA,” he added.
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