Taxman may use official evidence from abroad to nail black money hoarders

Following the Panama leaks, the tax department had sought information in 147 actionable cases from 28 foreign jurisdictions

Investigations into cases of Indians with alleged undisclosed foreign income and assets and whose names have appeared in leaks over offshore accounts may soon see a breakthrough.

Sources said 13 countries had provided information on actionable cases sought by the income tax department. The information reveals “incriminating material” against the persons named in these leaks. These countries include the British Virgin Islands, Jersey, the UAE, Switzerland, Luxembourg, the UK, Bahamas, the Isle of Man, Hong Kong and Singapore.

“Information received about persons named in the British Virgin Islands and Panama leaks match data furnished by foreign jurisdictions in at least