Rs 70,000 crore black money detected so far: Justice Pasayat
"One of our proposals, on cash holding of Rs 15 lakh or more to be presumed as undisclosed, is under serious consideration of the central government," Justice Pasayat said, adding that on the SIT's recommendation the government has already declared that cash transaction beyond Rs 3 lakh will be treated as illegal and punishable under law.
Justice Pasayat said the SIT made several recommendations in the past two years through its interim reports to check generation of black money. Photo: Reuters