Minister of State for Finance, Pankaj Chaudhary said, “It is submitted that an offshore shell company is not defined in the Acts administered by the Ministry of Finance.
The government also said that undisclosed income of more than Rs 13,800 crore has been brought to tax (as on December 31) under the Panama and Paradise paper leaks cases. More than 250 India-linked entities have been identified in Pandora Paper Leaks, the reply stated.
Relevant agencies to investigate cases pertaining to Pandora Papers, says CBDT - Investigations in cases of leaks appearing in the media under the name `PANDORA PAPERS` will be monitored through the multi-agency group.