https://www.taxtmi.com/news?id=16878 Action under the Income-tax Act, 1961 was initiated based on information received from foreign tax authorities under Double Taxation Avoidance instruments, prompting investigations, income assessments, levy of taxes and penalties, and prosecution complaints where applicable, while disclosure of taxpayer-specific information remains constrained by section 138 and the confidentiality clauses of DTAAs/DTACs. en-us Fri, 18 Nov 2016 18:10:36 +0530 Fri, 18 Nov 2016 18:10:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16878 Action under the Income-tax Act, 1961 was initiated based on information received from foreign tax authorities under Double Taxation Avoidance instruments, prompting investigations, income assessments, levy of taxes and penalties, and prosecution complaints where applicable, while disclosure of taxpayer-specific information remains constrained by section 138 and the confidentiality clauses of DTAAs/DTACs. News - Fri, 18 Nov 2016 18:10:36 +0530 https://www.taxtmi.com/news?id=16878