Tweet 0 Post By Simply Decoded (340 Posts ) Making sense out of chaos in this Complex World & helping people in understanding things in a better way. Website: → CONNECT Tweet 0 Special Investigation Team for Black Money May 28, 2014 - Featured Articles , Latest, Miscellaneous , Politics & Administration - Tagged: Black Money , SIT on Black Money , Special Investigation Team for Black Money - no comments Constitution of Special Investigation Team in compliance with the judgement of Hon’ble Supreme Court The Union Cabinet today approved constitution of Special Investigating Team (SIT) to implement the decision of the Hon’ble Supreme Court on large amounts of money stashed abroad by evading taxes or generated through unlawful activities. The SIT will be headed by Hon’ble Mr. Justice M.B. Shah, former Judge of the Supreme Court as Chairman and Hon’ble Mr. Justice Arijit Pasayat, former Judge as Vice Chairman. The Members of the High Level Committee will comprise: i. Secretary, Department of Revenue ii. Deputy Governor, Reserve Bank of India, iii. Director (IB), iv. Director, Enforcement v. Director, CBI vi. Chairman, CBDT, vii. Director General, Narcotics Control Bureau viii. Director General, Revenue Intelligence ix. Director, Financial Intelligence Unit x. Director, Research and Analysis Wing and xi. Joint Secretary (FT&IR-1), CBDT The SIT has been charged with the responsibility and duties of investigation, initiation of proceedings and prosecution in cases of Hasan Ali and other matters involving unaccounted money. SIT shall have jurisdiction in the cases where investigations have already commenced or are pending or awaiting to be initiated or have been completed. SIT will prepare a comprehensive action plan including creation of necessary institutional structure that could enable the country to fight the battle against unaccounted money. The SIT should report to the court the status of work from time to time. HOME SECTIONS OPINIONS DECODED OUR GROUP JOIN US TOP NEWS THE BOOK SHELF Be the first of your friends to recommend this. Recommend Share 0 Like 0 Like Is the Proactive Judicial Activism diluting the basic structure of the Indian Parliamentary system? Join the Debate Search Simply Decoded 6,914 people like Simply Decoded. Facebook social plugin Like Join 1417 other subscribers via Email Email Address Subscribe Other Useful Articles: Revenue Deficit & Fiscal Deficit Summary of 13th Finance Commission Report 12th Five Year Plan and New Targets Summary of approved 12th Five Year Plan Income Through Launching of Satellite Current Account Deficit & India Different Writs and their Importance Indian Preamble and its Importance Capitalism, Socialism & Communism : Introduction MGNREGA: An Introduction Categories Decoded Economics and Business