Disclosure of taxpayer information received under EOI mechanism

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....closure of taxpayer information received under EOI mechanism 1. Central Board of Direct Taxes (CBDT) has received some news articles published in the Indian Express on the investigations into Panama Paper leaks as forwarded by Jersey and Cayman Island Competent Authorities, which seem to indicate violation of confidentiality provisions of tax treaties. The news reports were also found to contai....

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....lways been a fundamental cornerstone of tax systems and is also essential for continued assistance by our treaty partners. It is therefore in our interest that the information received through the tax treaties should be kept confidential and used and disclosed only as per the terms of the relevant agreement with the concerned countries. 4. In view of the above, the undersigned is directed to re....