CBDT chief-led multi-agency panel to probe those named in Paradise Papers

CBDT alerts its teams across country to conduct probe based on returns filed by individuals on the list

Hours after the Paradise Papers leak of financial documents, pointing at possible illegal offshore dealings, the government on Monday swung into action and re-constituted a multi-agency panel led by the chairman of the income tax (I-T) department to carry out a probe into it.

The Central Board of Direct Taxes (CBDT) has alerted its teams across the country to carry out investigations based on the returns filed by individuals on the list.

 “We will match the information in the Paradise Papers to ascertain cases of tax evasion,” said CBDT Chairman Sushil Chandra, who will also head the multi-agency panel. Besides