The government is awaited to announce the names of almost 60 Indians and organizations as it has currently started tax evasion prosecution actions against them as part of its clampdown on black money accounts as reported in the HSBC bank's Geneva branch list.
Sources told that those against whom judicial proceeding has been started involve some corporates, business houses and other individuals as the Income Tax division has concluded its investigation and filed prosecution complaints against these bodies, on the directions of the Special Investigation Team (SIT) formed to tackle black money and illegal properties held by Indians abroad.
They told the gross amount in these accounts is approximated to be Rs 1,500-1,600 crore. Sources told the complaints, under I-T laws, have been registered in different courts of the nation and examinations in these cases have been finished by the taxman as these cases will get "time barred" by March 31 after which any judicial proceedings action against them could not be conducted out as the cases affect to the period of 2008-2009.
Opposition leaders are started firing on the government that they need to submit list to Governor and they must reveal the names of Secret Swiss account holders name to public. Let us wait and see how the government will react on this issue!!!!!
