Notification u/s 138 of the Income Tax Act, 1961 in respect of Competition Commission of India

Last updated: 01 August 2020

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This notification specifies the Director General/Secretary of the Competition Commission of India (CCI) as an authority to receive information under Section 138 of the Income Tax Act, 1961. Income tax authorities must ensure the information shared is relevant and necessary for the CCI to perform its functions. It is also crucial that the CCI maintains absolute confidentiality regarding the information provided.

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUBSECTION (II)] Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the30th of July,2020 NOTIFICATION In pursuance of sub-clause (ii) of clause (a) of sub-section (I) of section 138 of the Income-tax Act, 1961 , the Central Government hereby specifies Director General/Secretary, Competition Commission of India for the purpose of said clause. 2.

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FAQ :

This notification specifies the Competition Commission of India (CCI) as an authorised body to receive information under Section 138 of the Income Tax Act, 1961.

The Director General/Secretary of the Competition Commission of India is authorised to receive information.

Income tax authorities can only furnish relevant and precise information that is deemed necessary for the CCI to perform its functions.

The CCI must maintain absolute confidentiality regarding any information furnished to it under this notification.

This notification is issued in pursuance of sub-clause (ii) of clause (a) of sub-section (1) of Section 138 of the Income Tax Act, 1961.