Ex-minister's son, daughter-in-law seek documents in IT case

Former union minister Vasant Sathe's son and daughter-in-law today sought some documents in a Delhi court in a blackmoney case lodged against them by the Income Tax Department for allegedly not disclosing details of their joint Swiss bank account.
Additional Chief Metropolitan Magistrate (ACMM) Pritam Singh asked the IT Department to supply the deficient and legible documents to the ex-minister's son Subhash Sathe and daughter-in-law Indrani Sathe.
"Put up for supply of documents/arguments on notice on August 17," the court said.
The couple was earlier granted bail by the court when they had appeared as accused in pursuance to its summons.

They were summoned as accused after the court took cognizance of the IT Department's complaint alleging that the couple had a joint account in HSBC Bank in Geneva with about USD seven lakh (now valued at about Rs 4.44 crore).
The department claimed the couple has been interrogated by its investigation wing and they had admitted to the charges and agreed to clear their tax dues.

"We have jointly made Subhash and Indrani as accused in the case. We had asked them to furnish details including statement of their foreign bank account, but they did not provide us the same. They have been accused under section 276D (failure to produce accounts and documents) of the IT Act and search was conducted at their residence," the department said.

According to the complaint, the balance in their account as on December 2006 was USD 7,49,370.
The couple was engaged in manufacture of automotive parts and plastic components and were Directors in two firms - Sun Vacuum Formers Pvt Ltd and TRW Sun Steering Wheels Pvt Ltd, with manufacturing units located in Gurgaon, Manesar and Pune.