<h1>Government Cracks Down on 67 Illegal Offshore Accounts; 17 Prosecutions for Tax Evasion Launched.</h1> The Central Government has successfully obtained information in 67 cases involving illegal offshore accounts held by Indian entities, despite challenges in gathering evidence from the respective countries. During the presentation of the Union Interim Budget 2014-15, the Finance Minister announced that steps are being taken to assess tax liabilities and impose penalties. Additionally, prosecutions for willful tax evasion have been initiated in 17 cases, and further inquiries are underway regarding accounts in no-tax or low-tax jurisdictions.