AS per the latest Report on
Black Money, CBDT, on the basis of information
received from German tax authorities, completed tax assessment in 18 cases
resulting in detection of undisclosed income of Rs 39.66 crore and tax demand of
Rs.24.26 crore, out of which Rs.12 crore has already been recovered. Prosecution
complaints have been filed in 17 cases for various offences under the Income-
tax Act, 1961.
The Report also states that 9,920 pieces of Information
regarding details of assets held and payments received by Indian citizens in
several countries have been obtained which are under different stages of
investigation.
On the basis of investigations into information received
from France, in 219 cases, undisclosed income of Rs.565 crore has been detected
and taxes amounting to Rs.181 crore have already been realized so far.
Specific requests for information have been made to various countries in
350 cases by tax authorities till date.
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