New Delhi, Dec 13: The Special Investigation Team (SIT) formed by the Union government in its second report submitted to the Supreme Court revealed the persons on the HSBC list had Rs. 4,479 crore in Swiss banks.
In an official statement released by the SIT, it said that out of 628 names on the HSBC list received from France, 201 are either non-residents or non-traceable. However, the the remaining 427 persons have black money accounts.
According to reports, the Central Board of Direct Taxes has directed its officers to finalise the assessments for all 427 actionable cases, whose names are appearing in the HSBC list.
Out of these 628 persons in the HSBC list balances are shown against 339 persons and no amounts are shown against 289 persons or entities. In respect to the 289 persons or entities further investigations and assessments are being taken by the income tax department.
The statement added that the Income tax department and other agencies including the Enforcement Directorate are probing cases involving unaccounted wealth totaling Rs. 14,958 crore within India.
The Centre had earlier on October 29 given to the apex court a list of 627 Indians who have accounts in HSBC bank, Geneva, in which tax probe for suspected black money has to be completed by March next year.
With ANI inputs
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