The charge-sheets or prosecution complaints have been filed by the department before a special court in Chennai under Section 50 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, officials said.
Officials said the SIT recently held a meeting in the national capital during which it was briefed about the overall scenario of the operations of this virtual currency in the country.
In a written reply to the Rajya Sabha on Tuesday, Arun Jaitley informed that at the time of demonetisation, high denomination notes of Rs 500 and Rs 1,000 amounting to Rs 15.44 lakh crore were in circulation.
Jethmalani was addressing students and faculty of Amity Law School at Amity University's Gurugram campus after inaugurating a three-day National Moot Court Competition.
The crackdown by I-T Department comes a day after the Enforcement Directorate (ED) launched an investigation 79 shell companies owned by the Gitanjali Group chief Mehul Choksi and 41 owned by Modi in India.
Making details of the recent operation public, the department also said that it had detected the role of a Chinese firm, in some instances, in "paying commission" to local middlemen, outside India.
Opposition leader, who was putting up questions for the prime minister throughout his trip, today chose to attack the PM on the issue of blackmoney.
The UP government said prima facie no terror link had been established.
At least 2.26 lakh companies have already been deregistered and around 3.09 lakh directors associated with these entities have been disqualified.
It will now be possible for India to receive from September, 2019 onwards, the financial information of accounts held by Indian residents in Switzerland for 2018 and subsequent years.
Former professor of economics at the JNU Arun Kumar said there have been movements to root out corruption in the past, but they could not prove sustainable.
While the labs searches have declared an undisclosed income of over Rs 100 crore, the amount of referral fee in case of a single lab is more than Rs 200 crore.
Congress Vice President Rahul Gandhi on Saturday said that demonetisation was a "magical" scheme by Prime Minister Narendra Modi that turned all the black money into white.
A pact approved by a parliamentary panel in Switzerland seeks to provide continuous access to details about alleged black money hoarders in once-all-secret Swiss banks.
The CBDT said the Panama Papers contained brief particulars of about 426 persons, prima facie, Indians or persons of Indian origin.
The I-T department will comb through the tax history of all people who have registered property valued above Rs 30 lakh to check if any tax evaders own such properties by proxy, CBDT chairman Sushil Chandra said.
On Thursday, a team of around 1,800 IT officials knocked at the doors of 187 premises -- residences and offices and farmhouses -- to carry out one of the biggest income tax searches on Sasikala's kin and associates.
The IT department will look at the routing of funds within India whereas other agencies will look into the routing of money outside India, the official said.
The IT department will look at the routing of funds within India whereas other agencies will look into the routing of money outside India, the official said.
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