Arijit Pasayat, the Supreme Court-appointed Special Investigation Team (SIT) Vice Chairman on Tuesday suggested appropriate amendments in existing tax laws to curb the use of money power to win elections. “It has come to the notice of the SIT that nearly Rs. 3,800 crore was seized from across the country during the time of elections in April-May this year,” he said.
After a meeting with officials from Directorate of Revenue Intelligence, Enforcement Directorate, CBI, SEBI, crime branch, vigilance, economic offense wing, Income Tax and Central Economic Intelligence Bureau in the city, he spoke to the media persons. He told the reporters that the agencies discussed various modalities to make the tax laws more effective.
They also talked over how seizures made during the time can be treated as “predicate offenses” so that the Enforcement Directorate and Income Tax Department can bring the seized amounts under the tax net.
According to Mr. Pasayat in the year of 2014, the SIT was formed which has already prepared its seventh interim report to submit to the Supreme court. He also suggested having special courts in the country to deal exclusively with offenses related to black money. “The new report includes several suggestions to curb the menace of black money in the country,” he added.
The SIT vice chairman further claimed that “About 15,000 to 16,000 such cases are still pending in different courts of the country for over 10 to 12 years now. We have recommended in our report to expedite the trial in these cases and set up special courts to deal with the pending cases.”