The Income Tax department has got substantial information from the UK and Mauritius on overseas accounts of “non-residents” who invested in the cash-rich IPL after months of communication with the two countries. The department, as part of its probe into financial dealings in the T20 tournament, has also sent official requests to Switzerland and Ireland to share financial data.
The requests were sent after I-T investigations found links to investment of money in the UK and Mauritius by a few IPL franchises and also by suspended IPL Commissioner Lalit Modi, sources familiar with the development said. The information received from the UK and Mauritius, under the provisions of the Double Taxation Avoidance Agreement (DTAA), pertains to investments made in these countries and routing of funds in IPL teams, the sources said.
