Legalities stop us from disclosing black money info: Pranab

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Unfazed by opposition attacks and questions from Supreme Court, Government today maintained that it cannot disclose information received from foreign entities on black money held by Indians abroad because of absence of legal framework.

Finance Minister Pranab Mukherjee, however, dismissed opposition criticism that it was not disclosing information because such disclosure could result in the government\'s fall.

Let us understand the issue. No information can be made available unless there is a legal framework. No sovereign country is going to share information unless there is a legal framework,\" he told a press conference explaining the reasons why the government was not in a position to part with information it has obtained some foreign entities on black money stashed away abroad.

However, he said Double Taxation Avoidance Agreement (DTAA) and Exchange of Taxation Information Agreement are two instrumentalities under which information can obtained and the government has already amended pacts with 23 countries to get information from banks


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