Tax information sharing: authorities may disclose assessee data to specified bodies to enable statutory functions; commissioner's decision final. The amendment authorises the Board or designated Income-tax authorities to furnish assessee-related information for any assessment to officers, authorities or bodies exercising functions under tax, duty, cess or foreign-exchange laws, or other bodies specified by the Central Government in the public interest, where such disclosure is considered necessary to enable performance of statutory functions. It also empowers the Commissioner to supply requested assessment information in the prescribed form where satisfied it serves the public interest, and makes the Commissioner's decision final and not subject to court review.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax information sharing: authorities may disclose assessee data to specified bodies to enable statutory functions; commissioner's decision final.
The amendment authorises the Board or designated Income-tax authorities to furnish assessee-related information for any assessment to officers, authorities or bodies exercising functions under tax, duty, cess or foreign-exchange laws, or other bodies specified by the Central Government in the public interest, where such disclosure is considered necessary to enable performance of statutory functions. It also empowers the Commissioner to supply requested assessment information in the prescribed form where satisfied it serves the public interest, and makes the Commissioner's decision final and not subject to court review.
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