Black money case: Centre names three account holders in Supreme Court
Every foreign account held by an Indian may not be illegal, the Centre said, adding that names cannot be disclosed unless there is prima facie evidence of wrongdoing.
- Oct 27, 2014,
- Updated Oct 27, 2014 2:33 PM IST
The government on Monday filed an affidavit before the Supreme Court in the black money case , naming three prominent businessmen including Pradip Burman, formerly of Dabur Group.
Goa-based miner Radha S Timblo and Bullion trader Pankaj Chimanlal Lodhya were the other two businessmen named in the affidavit.
The Centre told the court that it had no intention to withhold names of persons who have stashed black money abroad and stated that information received from foreign countries will be disclosed in all cases where tax evasion is established.
Every foreign account held by an Indian may not be illegal, the Centre said, adding that names cannot be disclosed unless there is prima facie evidence of wrongdoing. It also told the court that Switzerland has indicated willingness to provide information on black money in cases where probe has been done by I-T department.
The government on Monday filed an affidavit before the Supreme Court in the black money case , naming three prominent businessmen including Pradip Burman, formerly of Dabur Group.
Goa-based miner Radha S Timblo and Bullion trader Pankaj Chimanlal Lodhya were the other two businessmen named in the affidavit.
The Centre told the court that it had no intention to withhold names of persons who have stashed black money abroad and stated that information received from foreign countries will be disclosed in all cases where tax evasion is established.
Every foreign account held by an Indian may not be illegal, the Centre said, adding that names cannot be disclosed unless there is prima facie evidence of wrongdoing. It also told the court that Switzerland has indicated willingness to provide information on black money in cases where probe has been done by I-T department.