TMI BlogSeek information under DTAAs/TIEAs/Multilatcral Convention, as per guidelines provided in the Manual on Exchange of InformationX X X X Extracts X X X X X X X X Extracts X X X X ..... ded new opportunities for tax planning and avoidance by taxpayers having global operations. Since taxation is a sovereign function of the State and the tax administrators' information gathering powers are generally restricted to within its territorial jurisdiction of the State, the global tax evasion and avoidance can be combated effectively through cooperation by the tax administrators of differe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... teral Convention, making necessary changes in the domestic law and establishing a dedicated Exchange of Information cell in the Foreign Tax and Tax Research Division. 2. These efforts can only bear fruit if the officers in the field formation utilize these opportunities by making requests for information from our treaty partners. Accordingly, the CBDT has issued a Manual on Exchange of Informati ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Division, are not being attended properly and necessary clarifications are not being provided in a timely manner. Further, in many cases, in making the references, the requests are not being properly framed and only some generalized statements are being made. This results in a situation where even if the foreign tax authorities intent to provide assistance to us, they are not able to do so. It is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to foreign jurisdictions will ensure that we will also receive similar assistance from them. It is requested that timelines as prescribed by FT TR Division in providing replies should be strictly maintained and all efforts should be made to collect comprehensive and accurate information relating to the requests made by the foreign tax authorities. 5. It is also requested that officers in the fie ..... X X X X Extracts X X X X X X X X Extracts X X X X
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