Wanting to get to the bottom of the trail of black money stashed by Indians in foreign banks, the Supreme Court on Friday favoured setting up of a Special Investigation Team, saying the issue is 'wider' and asked the Centre to come up with its possible composition.
A bench headed by Justice B Sudershan Reddy asked the government to make its stand clear on setting up an SIT comprising officers from different departments, including the Enforcement Directorate, the Central Bureau of Investigation and the Income Tax department to look into it.
"We are not talking about one case but many cases are involved in it. This is much wider," the bench said.
"In principle, do you have any objection to setting up of SIT to look into the matter," the bench asked the government.
It told the Centre and the petitioners to respond on the next date of hearing on March 28 about its stand and the possible composition of the SIT.
"Before we discuss this issue, both of you (the government and the petitioners) tell us about possible composition of SIT, if the need arises, for setting
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