CBDT directs that Principal Director General of Income-tax (Systems), New Delhi (Pr. DGIT(Systems)) shall be the specified authority for furnishing the information to the Chief Executive Officer, Government e Marketplace (GeM)
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Information sharing for seller verification: income-tax systems to furnish PAN, balance sheets and director details to GeM. CBDT designates the Principal Director General of Income-tax (Systems) as the specified authority to furnish PAN data, the latest three years' balance sheets, key directors' details and any further information necessary for verification of sellers to GeM, permitting online verification where enabled; information is restricted to GeM's internal use. A Memorandum of Understanding between Pr. DGIT(Systems) and GeM shall govern data transfer mode, confidentiality, secure preservation, weeding and the frequency and timelines for furnishing information.
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.
Information sharing for seller verification: income-tax systems to furnish PAN, balance sheets and director details to GeM.
CBDT designates the Principal Director General of Income-tax (Systems) as the specified authority to furnish PAN data, the latest three years' balance sheets, key directors' details and any further information necessary for verification of sellers to GeM, permitting online verification where enabled; information is restricted to GeM's internal use. A Memorandum of Understanding between Pr. DGIT(Systems) and GeM shall govern data transfer mode, confidentiality, secure preservation, weeding and the frequency and timelines for furnishing information.
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