Guidelines for Seeking Information from Financial Intelligence Unit-India (FIU-IND) and Confidentiality to be Maintained in Handling Such Information

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... f Finance and provides information to designated agencies as per the established protocol of sharing of information. Information is provided by FIU-IND under section 66 of the Prevention of Money Laundering Act, 2002. 2. It has been informed by the FIU-IND that it is in receipt of numerous letters and notices under section 133(6), of Income Tax Act from various field units of CBDT calling for inf .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... omestic bank accounts etc. as well as those from foreign countries. Such information may be extremely useful for recovery from bank accounts hitherto unknown to Income Tax Authorities or bringing to tax the transactions that might have been done through undisclosed bank account(s). 5. It is seen that while sending requests to obtain information from FIU-IND a simple letter by the AO/TRO/CIT is se .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... stody of such information. It should be protected from unauthorized use and proliferation. The information received from FIU-IND, domestic as well as foreign, needs to be treated as intelligence and the same be further developed by the department's own investigation. Accordingly, FIU-IND will not be mentioned as the source of information in any place or occasion or document like assessment ord .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X