The Central Government specified income-tax authority for furnishing information respecting assessees to Securities and Exchange Board of India ('SEBI')

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..... In exercise of powers conferred under section 138(1)(a) of Income tax Act, 1961 ('Act'), the Central Board of Direct taxes ('CBDT') hereby directs that Principal Director General of Income-tax (Systems), New Delhi shall be the specified income-tax authority for furnishing information respecting assessees to Securities and Exchange Board of India('SEBI') as notified by the .....

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..... in ITR and Tax Audit Report including Income from trading in securities, Bank account details etc. (vi) Form 61A information reported by reporting entities under Rule 114E of the Income Tax Rules, 1962; (vii) Transactions reported by entities deducting tax at source (TDS) and collecting tax at source (TCS); and (viii) Any other information considered necessary for SEBI (to be decided on basis of m .....

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..... hat sharing of such information is necessary for the purposes of enabling the SEBI to perform its functions under its respective laws. 3. To facilitate the process of furnishing information, Principal Director General of Income- tax (Systems) or Director General of Income-tax (Systems) would enter into a Memorandum of Understanding "'MoU') with Nodal Officer, SEBI which inter-alia would i .....

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