All Foreign Bank Accounts Will be Assessed by March 2015: AG

Published: 29th October 2014 12:41 PM  |   Last Updated: 29th October 2014 12:41 PM   |  A+A-


NEW DELHI: With the Centre submitting a list of 627 account holders in foreign banks to Supreme Court in the blackmoney case, Attorney General Mukul Rohatgi today said that the deadline for investigation under the Income Tax Act into these accounts is March 31, 2015.

He said that the court directed that the sealed envelope with the names be given to the Special Investigation Team (SIT) and also allowed the Centre to put its "problems regarding treaties with foreign nations" before the SIT.

"After that we shall request them to submit the report in the court by November 30," the AG said.

"There are about 627-628 accounts along with a status report which we have submitted in the Supreme Court today in a sealed cover. Last date for investigation and assessment into all these accounts is March 31, 2015.

"The court after hearing both sides, did not open the cover but directed that the sealed envelope be given to the SIT itself. The SIT will thereafter see what it has to do and proceed in accordance with law," Rohatgi said.

Speaking to the media immediately after the hearing, the AG also said that this same list had been submitted to the SIT in June earlier this year.

"The apex court has asked SIT to verify the list given by the government and carry on with probe in accordance with law," he said, adding, "The court has permitted us to place our problems regarding treaties with foreign nations before the SIT".

Stay up to date on all the latest Nation news with The New Indian Express App. Download now


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp