Section 276c, read with section 276d of the income-tax act, 1961 – wilful attempt to evade tax, etc. – vigorous and pro-active measures taken by income-tax department to expedite investigations in cases of indians holding undisclosed foreign accounts/assets abroad.
CBDT TAKES PROMPT ACTION IN INVESTIGATING CASES OF BLACK MONEY STASHED ABROAD; SEEKS FURTHER INFO IN 600 CASE