- Central Board of Direct Taxes to mainly help SIT, in tandem with related departments for a coordinated effort to bring back black money kept abroad
- CBDT to help track money trail of suspected tax evaders using its huge database on individuals and corporate, to help probe transactions
- SIT to soon met to work out a mechanism to begin tracking and recovering of black money and action against persons involved in illegal transactions
- Any case related to possible flouting of foreign exchange norms to be handed over to Enforcement Directorate for further probe
- Read at: http://www.thehindu.com/todays-paper/tp-national/cbdt-to-anchor-sit-probe-into-black-money/article6063911.ece
Exams Perspective:
- Central Board of Direct Taxes (CBDT)
- Special Investigation Team (SIT)
- Enforcement Directorate
- Black Money