SIT

  • India 3rd on black money list; $440 billion flows out in 10 years 2 days ago

    Washington: As India continues its pursuit of suspected black money stashed abroad, an international think-tank has ranked the country third globally with an estimated $94.76 billion (nearly Rs 6 lakh crore) illicit wealth outflows in 2012. As a result, the cumulative illicit money moving out of the country over a ten-year...
  • Make tax evasion serious crime for black money information: SIT chief 4 days ago

    New Delhi: Tax evasion needs to be made a serious 'criminal offence' to force foreign countries to reveal names and account details of Indians stashing illicit wealth abroad, the Special Investigation Team on black money has said. While adding more teeth to India's pursuit of black money kept abroad, this would...
  • Change laws, put cash curbs to check black money menace: SIT 5 days ago

    New Delhi: In suggestions with far-reaching implications, the SIT on black money has recommended amendment of laws to provide for confiscation of domestic property of those with illicit assets abroad and making tax evasion of over Rs 50 lakh a 'predicate offence' taking it as a serious crime. ...
  • Rs 4479 crore in Indians' HSBC-list accounts: SIT on black money 6 days ago

    New Delhi In first major disclosure about money held in Swiss banks, government on Friday said Rs 4,479 crore is held in the accounts owned by Indians, who figured on the HSBC List, and the Income Tax Department has initiated action against 79 of such account holders. Besides, the tax department...
  • UP government suspends ex-engineer Yadav Singh accused of amassing illegal wealth worth crores December 8, 2014

    Noida: The Uttar Pradesh government has suspended Noida Authority Chief engineer Yadav Singh after an income tax raid on his residence unearthed crores in cash and jewellery. After the raids, Singh was relieved of his charge and attached to the personnel department. The state government had asked for a report...
  • Living It Up: The sitting syndrome December 7, 2014

    In this edition of 'Living It Up', we explore how the sitting syndrome can impact your health. ...
  • Ex-Noida Authority Chairman Yadav Singh on blackmoney SIT radar December 6, 2014

    New Delhi: Controversial Noida Authority official Yadav Singh, accused of amassing illegal wealth, has come under the scanner of the Special Investigation Team (SIT) on blackmoney as it on Saturday asked the CBDT to share information with ED so that money laundering charges could be pressed against him and his...
  • SC asks Centre to ensure completion of Income Tax probe into black money case by March 31 December 3, 2014

    New Delhi: The Supreme Court on Wednesday asked the Centre to ensure that the ongoing Income Tax probe for suspected black money concerning 627 Indians who have accounts in HSBC bank, Geneva, be completed by March next year. The apex court directed the Special Investigation Team (SIT) probing the black...
  • Special Investigation Team to probe Delhi church fire: sources December 2, 2014

    New Delhi: A Special Investigation Team was constituted on Tuesday to probe into the fire which erupted at the St Sebastian's church in Dilshad Garden in the national capital, sources said. Sources added that Delhi Police representatives will meet Lieutenant Governor Najeeb Jung over the issue. Meanwhile, Christian groups held...
  • CBI registers fresh cases in ponzi scheme probe November 28, 2014

    New Delhi: CBI registered two fresh cases against as many companies in West Bengal in connection with chit fund scam in which thousands of investors, lured by higher interests, were duped of their deposits. CBI sources said the agency registered cases against Ramel Industries and Annex Infrastructure in connection with...
  • Jaitley accuses UPA government for stalling black money probe, opposition stages walkout November 26, 2014

    Replying to a debate on black money in the Rajya Sabha, Finance Minister Arun Jaitley on Wednesday said the government will "pro-actively chase" those having black money and will not rest till the last account is identified. ...
  • Arrested 'godman' Rampal taken back to ashram to open password-protected lockers November 23, 2014

    Hisar: Haryana Police on Sunday took arrested 'godman' Rampal back to his ashram in Hisar, where six people died in the clashes between his supporters and security personnel, as part of investigation. 63-year-old Rampal, who was arrested on November 19 from his ashram, spread over 12 acres in Hisar district, was...
  • SIT on black money to create database of tax crimes November 19, 2014

    New Delhi: The Special Investigation Team (SIT) on black money has decided to create a rich national database where multiple agencies probing tax and financial crimes will pool in vital classified information to be shared for seamless investigation. The SIT is wanting to bring together the databases of CBDT, Financial...
  • Compare NDA and UPA stance on black money, says Radha Mohan Singh November 4, 2014

    Patna: Union minister Radha Mohan Singh on Tuesday mentioned comparative efforts of Narendra Modi government and UPA rule on black money issue and appealed to political parties to speak with "gravity" after seriously pondering over the matter. "Black money issue has today become an important issue in the country. Leaders...
  • If you have information on black money, share it with SIT: MB Shah November 2, 2014

    New Delhi: Anyone who has specific and definite information on black money can share it with Supreme Court-appointed SIT going into the issue that can crack down on those stashing money abroad and at home. The Special Investigation Team (SIT), headed by former Supreme Court judge Justice MB Shah, will open...
  • Black money case fallout: India pulls out of multilateral information sharing agreement October 30, 2014

    New Delhi: A day after the Centre submitted its list of 627 Indians who have accounts in HSBC bank, Geneva for tax probe for suspected black money to Supreme Court, India has pulled out of multilateral information sharing agreement. The Mutilateral Competent Authority Agreement was signed by 51 countries in Berlin...
  • Government's list has no new details, we are back to square one in black money probe: SIT Chairman Shah October 29, 2014

    New Delhi: On a day when the Central Government submitted its list of black money account holders in foreign banks to the Supreme Court, head of the Special Investigation Team (SIT) probing the case Justice MB Shah said that there is no new detail in the report that has been...
  • BJP should live upto its promise of bringing back black money, says Congress October 29, 2014

    New Delhi: The political furore is on even after the Narendra Modi government, refusing to make public the names of black money account holders, submitted instead in a sealed envelope, a list containing the names of 627 individuals holding such accounts to the Supreme Court on Wednesday. The SC refused...
  • Black money: We are not trying to protect anyone, says BJP October 29, 2014

    The Narendra Modi government has submitted a list of names of 627 black money account holders to the Supreme Court. BJP spokesperson Sambit Patra said, "We constituted SIT on the first day. We made a treaty with Switzerland, we did not want to protect anyone." ...
  • Blackmoney: BJP seems to be shielding certain people, says NCP leader Majeed Memon October 29, 2014

    NCP leader Majeed Memon commented on the recent development saying that on Tuesday, the Supreme Court's wrath had made the government put forward the names of all the black money account holders in a sealed envelope so that the apex court can take the necessary action. But it appears as...
  • Will we ever find out names of political beneficiaries? In the black money debate? October 27, 2014

    The central government on Monday revealed the names of three people who have black money stashed abroad in its affidavit to the Supreme Court. ...
  • SIT on blackmoney to help probe money trail in chopper deal October 19, 2014

    New Delhi: The Special Investigation Team (SIT) on black money will assist in the probe into money trail of alleged kickbacks in the Rs 3600-crore AgustaWestland choppers deal with Enforcement Directorate seeking its help to send abroad about half-a-dozen judicial requests for cooperation. Official sources said...
  • Living it up: Prevent the sitting syndrome October 11, 2014

    In this episode of 'Living It Up', experts comment on the sitting syndrome that leads to diabetes, heart diseases, nerve injuries, high cholesterol, insulin resistance and many other health related problems. ...
  • Gujarat government stops SIT to file plea against Maya Kodnani bail October 3, 2014

    Ahmedabad: The Gujarat Government has refused permission to the Supreme Court-appointed Special Investigation Team to challenge the bail given to former Minister Maya Kodnani in a post-Godhra riot case. Kodnani, who was given bail by Gujarat High Court, was convicted in the Naroda Patia riot case, in which 97 people were...
  • CBI chief Ranjit Sinha accused of shielding coal scam accused, SC issues notice to him September 9, 2014

    New Delhi: In a major blow to India's premier investigation agency, the Central Bureau of Investigation (CBI), the Supreme Court on Tuesday issued a notice to its Director Ranjit Sinha on a plea seeking his removal from the post and a Special Investigative Team (SIT) probe against him for allegedly...
  • NDA slams Congressled UPA for 'sitting on' black money issue September 2, 2014

    New Delhi: The ruling NDA on Tuesday hit out at the previous UPA regime saying it had failed to set up an SIT on black money despite a Supreme Court direction for the same even as it asserted that it will bring out the truth in the matter after acting...
  • SC issues notice to MP HC judge accused of sexual harassment August 29, 2014

    Gwalior: Two days after a female Gwalior judge approached the Supreme Court over sexual harassment charges directed against a Madhya Pradesh High Court judge, the apex court has issued a notice to the accused. The SC has also put a stay on the MP HC inquiry committee probing the case. The...
  • Blackmoney: Indian agencies get Swiss banks' data of hoarders August 24, 2014

    New Delhi: Tax investigators pursuing instances of blackmoney stashed abroad by Indians have finally been able to circumvent the Swiss secrecy code by asking over 100 such account holders to submit on their own details of personal balances in these banks, brought under the tax net recently, for lesser penal...
  • Black money case: SIT submits first report in Supreme Court August 20, 2014

    New Delhi: The Special Investigation Team (SIT) reviewing the black money case on Wednesday submitted its first report in the Supreme Court. The apex court expressed satisfaction on the steps taken by the panel for bringing back black money stashed away by Indians in foreign banks. The court also permitted the...
  • Black money: India gets 24,000 pieces of secret foreign data August 10, 2014

    New Delhi: In its effort to unearth black money stashed away abroad, India has received data on over 24,000 instances of alleged tax evasion and dubious funds which has been detected in foreign shores in the last financial year. These cases are now under investigation by the taxman even as the...