In a Facebook blog, Arun Jaitley pointed out that those who participate in a public discourse must understand basic facts before expressing an opinion which may be ill-informed.
Rahul Gandhi reminded PM Modi that he had promised to bring back all illegal money stashed abroad and “deposit Rs 15 lakh in each Indian bank account”.
Money parked by Indians in Swiss banks rose over 50 per cent to CHF 1.01 billion (Rs 7,000 crore) in 2017, reversing a three-year downward trend amid India's clampdown on suspected black money stashed there
"The buzz in Delhi is that Nirmala Sitharaman will be removed as Defence Minister and appointed as lawyer of the Income Tax Department. Welcome to the bar, Sitharaman," tweeted Chidmabaram, a senior lawyer himself.
Addressing a press conference on the issue, Sitharaman claimed that Chidambaram didn't disclose its investments to tax authority, violating Black Money Law, which was brought by Modi govt as part of its drive against black money and to prosecute those Indians who have secretly stashed illicit wealth abroad.
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.
People with unexplained credits and investments reflecting on their I-T returns could earlier get away by offering higher tax on the amount.
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.
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