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Major SITs Constituted In The Last Decade And Their Outcomes

Major SITs Constituted In The Last Decade And Their Outcomes

While there is no law to stipulate the kind of cases that should be given to an SIT, it is entirely up to the courts to approve or reject the reports submitted by the SITs. Listed below are a few major SITs constituted in the past decade and their outcomes: 

29 June 2022
'Who Is Footing Hotel Bills In Guwahati, Surat' Asks NCP; Urges IT Dept And ED To Find Source Of 'Black money'

'Who Is Footing Hotel Bills In Guwahati, Surat' Asks NCP; Urges IT Dept And ED To Find Source Of 'Black money'

Majority of Shiv Sena MLAs have shifted their loyalty to minister Eknath Shinde and are camping in Guwahati, plunging the Maha Vikas Aghadi (MVA) government...

25 June 2022

Panama Papers: ED Raids Four Locations In Madhya Pradesh, Goa, Seizes Rs 88.30 Lakh

Rs 88.30 lakh in cash and 'incriminating documents' were recovered in raids on locations in MP and Goa linked to Sanjay Vijay Shinde.

Railway Police Bust 'hawala' Racket In Mumbai; 1 Held, Rs 67.4 Lakh Seized

Railway Police Bust 'hawala' Racket In Mumbai; 1 Held, Rs 67.4 Lakh Seized

Khumaram was waiting on platform no.1 of the Dadar station to deliver the hawala money to someone, it said.

09 February 2022

Over 20 Lakh Notes Of Fake Indian Currency Seized From 2016-20

Over 20 lakh fake Indian currency notes of different denominations were recovered in the country between 2016 and 2020, Rajya Sabha was informed on Wednesday. 

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08 November 2021
Demonetisation Catalysed Digital Payments, But Nobody Knows Its Impact On Black Money

Demonetisation Catalysed Digital Payments, But Nobody Knows Its Impact On Black Money

Five years post demonetisation, was PM Modi’s ‘masterstroke’ to curb the menace of black money a success?


08 November 2021
Five Years Of Demonetisation: Black Money On Rise Despite Digital Push

Five Years Of Demonetisation: Black Money On Rise Despite Digital Push

Five years after demonetisation, though cash usage has declined, it still prevails in property transactions, grocery purchase and payment for services, reveals...


06 October 2021
Anatomy Of Black Money: Will The Pandora Papers Tackle It

Anatomy Of Black Money: Will The Pandora Papers Tackle It

The latest expose under the Pandora list has names of prominent Indians like former cricketer Sachin Tendulkar, chairman and MD of Biocon, Mazumdar Shaw, and...


12 September 2021
India To Get Key Information About Wealth Stashed By Indians In Switzerland

India To Get Key Information About Wealth Stashed By Indians In Switzerland

Under information pact with Switzerland, India is set to get third set of Swiss bank details of Indians and their real estate assets in the country.


28 February 2021
Rs 220 Crore Black Income Detected As  IT Dept Raids Tamil Nadu Based Company

Rs 220 Crore Black Income Detected As IT Dept Raids Tamil Nadu Based Company

The action was carried out on February 26, which found that the transactions to the extent of 50 per cent were out of books


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21 November 2019
Money Rains From Building In Kolkata As Revenue Officials Conduct Search

Money Rains From Building In Kolkata As Revenue Officials Conduct Search

Videos captured on mobile cameras showed excited people scampering to collect the notes on the street.


27 May 2019
Create ‘Elephant Bond’ From ‘Undisclosed Income’: High-level Group To Modi 2.0

Create ‘Elephant Bond’ From ‘Undisclosed Income’: High-level Group To Modi 2.0

If the recommendation is accepted, it could be an effective tool to check the black money menace.


27 May 2019
11 Indians Get Notices As Switzerland Steps Up Process To Share Banking Info

11 Indians Get Notices As Switzerland Steps Up Process To Share Banking Info

Switzerland has begun sharing details for the last few years with several countries including India after submission of evidence about financial and...


17 May 2019
Government Refuses To Share Details On Switzerland Black Money Cases, Cites Confidentiality Clause

Government Refuses To Share Details On Switzerland Black Money Cases, Cites Confidentiality Clause

Replying to an RTI query, the Finance Ministry said India and Switzerland share information on black money on a case to case basis, as per the investigations...


14 May 2019
ED Moves HC To Cancel Gautam Khaitan’s Bail In Money Laundering Case

ED Moves HC To Cancel Gautam Khaitan’s Bail In Money Laundering Case

ED has alleged in its plea that Khaitan, also an accused in the AgustaWestland chopper scam, was still hiding his black money in overseas accounts


08 May 2019
Anatomy Of A Middle-Class Electorate: Neither Forward Nor Backward, Just Awkward

Anatomy Of A Middle-Class Electorate: Neither Forward Nor Backward, Just Awkward

The Indian middle class feels ­entitled to political opinion like no other social strata yet shies away from electoral action. Why?


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08 April 2019
Electoral Bonds Legitimate, Transparent Method Of Political Funding: Arun Jaitley

Electoral Bonds Legitimate, Transparent Method Of Political Funding: Arun Jaitley

Finance Minister Arun Jaitley said the BJP preferred legitimate methods like crowd sourcing, cheque and electoral bonds over 'the old obsolete style' of...


04 April 2019
88 Lakh Taxpayers Didn't File Returns In Year Of Demonetisation, Says Report

88 Lakh Taxpayers Didn't File Returns In Year Of Demonetisation, Says Report

On November 25, 2016, the exchange of old notes was stopped and the government allowed the use of only old 500 rupee notes at these utilities till December 15,...


11 March 2019
RBI Board Warned Of Negative Impact Of Demonetisation On Economy, Reveals RTI

RBI Board Warned Of Negative Impact Of Demonetisation On Economy, Reveals RTI

Curbing black money was one of the prime objectives of the shock move to junk old Rs 500 and 1,000 notes, which saw 86 per cent of high-value currency going...


04 February 2019
Finance Ministry Refuses To Disclose Details Of Black Money Held By Indians

Finance Ministry Refuses To Disclose Details Of Black Money Held By Indians

Three reports on the quantum of black money held by Indians in the country and abroad were submitted to the government more than four years ago.


19 December 2018
Minister Athawale Says People Will Get Rs 15 Lakh Each Slowly, Blames RBI For Not Giving Money

Minister Athawale Says People Will Get Rs 15 Lakh Each Slowly, Blames RBI For Not Giving Money

The minister also added that the government does not have the requisite money and that Centre has asked the Reserve Bank of India (RBI) for the money but they...


02 December 2018
Demonetisation Had Absolutely No Impact On Black Money: Outgoing CEC O P Rawat

Demonetisation Had Absolutely No Impact On Black Money: Outgoing CEC O P Rawat

This comes in direct contradiction with the claims of Prime Minister Modi and the BJP who have claimed that the note ban exercise was an important milestone in...


23 November 2018
A Swiss Maze Of Tax Escape

A Swiss Maze Of Tax Escape

In Mumbai, the tax tribunal rules ‘discretionary beneficiaries’ of Swiss bank accounts can go tax free


10 November 2018
'Demonetisation Drive Was Executed Without Much Planning'

'Demonetisation Drive Was Executed Without Much Planning'

Three experts ­answer some persisting ­questions about the government’s 2016 ­demonetisation drive


23 September 2018
Rupee Fall Due To Large Amount Of Black Money Leaving The Country: Swamy

Rupee Fall Due To Large Amount Of Black Money Leaving The Country: Swamy

Stating that the fall in the value of the rupee had nothing to do with the US, Swamy said, "It has got to do with the fact that a large amount of black money...


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