The probe began days after The Indian Express , along with the International Consortium of Investigative Journalists and German newspaper Suddeutsche Zeitung, published the Panama Papers. This confirms the existence of the off-shore entity and of holdings and bank accounts held by the company or Trust. The prosecutions have been filed under various sections of the Income Tax Act for alleged tax evasion; non declaration of off-shore assets and for giving false statements to the Department. And while the number of replies received from among these 13 jurisdictions stood at 165, that figure has now crossed 240. For all the latest India News, download Indian Express App

Source: Indian Express September 08, 2017 23:12 UTC