I-T warns of action against disclosing secret info

PUNE: To protect confidentiality of tax information from abroad, the CBDT has warned of stern action against those making unauthorised disclosures as it amounts to breach of treaty commitments and cause embarrassment to the government. The confidentiality of taxpayers’ information has assumed greater significance in view of “increased availability of information” regarding offshore tax evasion, tax avoidance and stashing of unaccounted money abroad.