Government to investigate 'Pandora Papers Leak' by multi-agency group under CBDT Chairman
Sakshi Education
Government said that the cases pertaining to Pandora Papers will be investigated and appropriate action will be taken in such cases as per law.The investigations in cases of Pandora Papers leaks appearing in the media under the name Pandora papers will be monitored through the Multi Agency Group, headed by the Chairman, Central Board of Direct Taxes.
Government to investigate 'Pandora Papers Leak' by multi-agency group under CBDT Chairman
It will be have representatives from CBDT, Enforcement Directorate, Reserve Bank of India and Financial Intelligence Unit.With a view to ensure effective investigation in these cases, the government will also proactively engage with foreign jurisdictions for obtaining information in respect of relevant taxpayers and entities.
The Government of India is also part of an Inter-Governmental Group that ensures collaboration and experience sharing to effectively address tax risks associated with such leaks.In case of earlier similar such leaks in the form of ICIJ, HSBC, Panama Papers and Paradise Papers, the Government has already enacted the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 with an aim to curb black money.
