BLACK MONEY:U-turn by NDA
The NDA government on Friday made a U-turn and informed the Supreme Court that the names of persons with black money in foreign banks could not be revealed, a move the Congress called “political dishonesty.”
The government told the court that under the Double Taxation Avoidance Agreement, confidentiality had to be maintained and the names revealed by the German authorities could not be made public. — J. Venkatesan,should be used only for tax purposes.
Finance Minister Arun Jaitley said the names would be revealed “once charge sheets are filed.”
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