The committee will review the mandate and discuss issues including the responses received from the general public to tackle the black money menace.
The committee headed by CBDT chairman set up to strengthen ways to curb black money in the country, will hold its second meeting on Thursday.
According to official sources, the committee will review the mandate and discuss several issues, including the responses the government has received from the general public to tackle the black money menace.
The meeting is being held ahead of CBDT chief Prakash Chandra's retirement on July 31.
The Committee had first met on June 9 but further meetings could not be held as the government moved the Supreme Court seeking "recall" and "modification" of its order for setting up a Special Investigation Team (SIT) comprising retired judges to take over the probe into all black money cases.
The government application to the apex court on July 15 had contended that it (Supreme Court) has ventured into the domain of the executive.
The committee, consisting senior officials from CBDT, Enforcement Directorate, Directorate of Revenue Intelligence, Currency unit and financial intelligence department, would submit its report in six months.
The legislations enforced by these wings of the Finance Ministry, including Foreign Exchange Management Act (FEMA), Prevention of Money Laundering Act (PMLA), Income Tax Act and laws related to customs and excise are expected to be reviewed during the meeting.
The meeting is expected to be convened in the evening after the Central Board of Direct Taxes (CBDT) Chairman finishes a video-conferencing with Income Tax officials across the country during the day.
The panel has also been asked to suggest ways to declare the illegally generated wealth as "national asset", enact or amend existing laws to confiscate and recover such assets and provide for "exemplary" punishment against its perpetrators.
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