To a question whether India would be signing such a treaty, the Finance Minister Arun Jaitley said, "our application is precisely that. The Supreme Court, the earlier judgement, needs a clarification. So the Special Investigation Team (SIT) is looking into it."
Mauritius has said it has high regards for India and was its 'top-priority' partner when it comes to channelising flow of global investments, but wants its competitiveness to remain intact in terms of tax treaties.
In a landmark ruling, the Supreme Court's ruling favoured India's second largest telecom operator Vodafone with regards to overseas transactions.
The Finance Minister wants to rework the exchange of information agreements in tax treaties, a move that will give him greater mobility in cleaning up black money. But tax experts say this is easier said than done. CNBC-TV18' Ashwin Mohan gets you more on the black money controversy.