New Delhi: The government on Friday refused to reveal the names of people who have stashed black money in foreign bank accounts before the Supreme Court by saying that under Double Taxation Avoidance Agreement (DTAT) it is not easy to make any kind of disclosures.

However, the Central Government agreed to expose the names of six people who are being prosecuted by the authorities.

Appearing before a bench headed by Justice B Sudershan Reddy and SS Nijjar the appeal was made by Solicitor General Gopal Subramanium, who was appearing on government’s behalf.
He said that the information received by the Centre from foreign banks cannot be disclosed as it is not allowed under DTAA.

 “We have launched prosecution against some persons and there is no difficulty in disclosing their names. But as far as others are concerned their names cannot be disclosed until the prosecution begins,” he said.

The Court, however, was not satisfied and asked the government that when India had not signed DTAA treaty with Germany then names could not be disclosed. To this, Solicitor General replied, “India shares the treaty with Germany also.”

Meanwhile, Subramanium also submitted the Income Tax (I-T) department and Enforcement Directorate (ED) report to the Apex court.

The court was hearing a petition filed by noted lawyer Ram Jethmalani seeking direction to the government to bring back black money stashed by Indian citizens in the foreign banks which, he said, amounted to around USD one trillion.

JPN/Bureau