Centralization in cases relating to investigations based on information received from outside under the DTAA

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.... New Delhi dated 4th March 2012 Sub: Centralization in cases relating to investigations based on information received from outside under the DTAA. 1. Information is being received under the DTAAs from foreign governments, regarding bank accounts / assets of Indian citizens / tax residents / entities with Indian beneficiaries, held in their countries. Such information is to be processed an....

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....rge numbers by passing large-scale transfer orders may arouse suspicion / interest making it difficult to ensure confidentiality. 4. In view of the above, it has been decided with the approval of competent authority that; (i) Only cases in which search action u/s 132 has been taken, and its associated cases, may be centralized in the Central Charges under the concerned CCIT (Central) o....