AOs to request for exchange of info in time barring assessments by 29/2/2016

F. NO. 500/56/2014-FT &TR-IV/354

Government of India

Ministry of Finance

 Department of Revenue

 Central Board of Direct Taxes

Foreign Tax & Tax Research Division

FT & TR-IV Division

7^th  Floor, Hudco Vishala Bldg.

Bhikaji Cama Place, New Delhi

Dated: 8^th  February, 2016

To,

1. All the Principal Chief Commissioner of Income Tax

2. All the Director General of Income Tax (Inv.)

Sir/Madam

Sub: Request for Exchange of Information from field offices of time barring assessment cases-reg.

The undersigned is directed to state that large number of requests for Exchange of Information (EOI) in time barring assessments/matters are received in FT &TR Division just before the time barring date. It becomes difficult to process and forward such requests after due scrutiny to the Foreign Competent Authority in time. Further, in many cases the EOI requests are not properly drafted/prepared and modification of these requests by the field officers is required.

2.  You are therefore requested to direct officers/ CsIT concerned to send all requests for exchange of information getting time barred on 31.03.2016 to FT &TR Division latest by 29^th of February, 2016. In this manner, deficiencies, if any, can be removed and modified/correct EOI proforma can be sent to the Foreign Competent Authority in time

3. You are requested to bring this to the notice of all CsIT/officers.

4.  This issues with the approval of Chairman, CBDT.

Yours faithfully

(Dr. O.N. Supriya Rao)

Under Secretary (FT &TR-IV(2))