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The Income Tax Department has shifted its focus from civil consequences to criminal consequences in serious cases of tax evasion. “In its crusade against black money and with a view to have credible deterrence against generation of black money, the Government has shifted its focus to successfully prosecute the offenders in shortest possible time,” the CBDT said in a statement.
During the current fiscal, 628 prosecution complaints have been filed up to December 2014. Fify-six such prosecution complaints relate to offences involving undisclosed foreign income. For the fiscal 2014-15, up to December, the Department had conducted searches in 414 groups and seized undisclosed assets of ₹582 crore.
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