Black money crackdown: Income-Tax dept launches major drive against thousands of individuals
The department, in coordination with their foreign counterparts, is investigating offshore bank deposits and purchase of assets by "thousands of Indians", the officials added. The CBDT Chairman Sushil Chandra confirmed the move but refused to elaborate.
A number of these cases involve high-profile and prominent people, while several high-net worth individuals are under the scanner. Representational Image, source: PTI