September 23, 2026 08:19 am (IST)
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Black money: SC asks SIT to consider sharing probe reports with Jethmalani
New Delhi, Dec 3 (IBNS): The Supreme Court on Wednesday asked the Special Investigation Team (SIT) probing the black money case to consider providing the copies of the reports of its probe to noted lawyer Ram Jethmalani, who is also one of the petitioners in the matter.
The apex court has asked the Centre to ensure that the ongoing income tax probe for black money stashed abroad does not get time-barred and be completed by March next year.
The court also said that if for any reasons the probe remains inconclusive, the Centre will take appropriate decision to extend the deadline of March 31, 2015.
The next hearing of the case is on the Jan 20.
The apex court said that certain information and correspondences received by the SIT can be made available to the petitioners without "blackening" the contents.
Jethmalani submitted in the court that the then Solicitor General in the previous UPA government Mohan Parasaran, had supplied some letters and documents after masking certain portions.
The Centre on Oct 29 submitted a list of 627 names of Indians who hold foreign bank accounts in countries like Switzerland to the Supreme Court.
It was also learnt then that the SIT will submit a report on 220 names and will share details with the Enforcement Directorate (ED) and other agencies on the matter.
The move was taken following a severe reprimand from the Supreme Court which is monitoring the attempts to recover untaxed or black money stashed abroad.
Pradip Burman of Dabur India, Rajkot-based bullion trader Pankaj Chimanlal Lodhya and Goa-based mining company Timblo Private Limited and its five Directors were among the names that figured in the list which was filed in the apex court by the government, sources said.
The Apex Court was monitoring the investigations into black money since 2009 based on a petition filed by noted lawyer Ram Jethmalani.
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