Revenue Secretary Hasmukh Adhia has said the tax department will initiate action against those who have not disclosed their black money and assets stashed abroad as the compliance window has closed.
Talking to media persons in New Delhi, Mr Adhia said the window was the last opportunity for people to come clean in this regard and the government had no particular figure of money in mind that would come out after this 90-day exercise.
Earlier, the Finance Ministry said these figures as of now, are subject to final reconciliation. The window, created under the new anti-Black money Act to deal with the menace of black money stashed abroad.