https://www.taxtmi.com/news?id=4004 Information received from a foreign government about alleged foreign bank accounts has been analysed and is subject to ongoing investigations by jurisdictional tax authorities under the Income Tax Act, with cooperation from foreign tax authorities; assessment, tax collection and penalty proceedings will follow as warranted by the facts, subject to the confidentiality clause of the Double Taxation Avoidance Convention restricting use of the information to specified tax purposes. en-us Fri, 16 Nov 2012 17:42:06 +0530 Fri, 16 Nov 2012 17:42:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4004 Information received from a foreign government about alleged foreign bank accounts has been analysed and is subject to ongoing investigations by jurisdictional tax authorities under the Income Tax Act, with cooperation from foreign tax authorities; assessment, tax collection and penalty proceedings will follow as warranted by the facts, subject to the confidentiality clause of the Double Taxation Avoidance Convention restricting use of the information to specified tax purposes. News - Fri, 16 Nov 2012 17:42:06 +0530 https://www.taxtmi.com/news?id=4004