I-T to share PAN, bank data with probe agencies

The Income Tax Department will share PAN and bank account details of any entity with 10 investigative and intelligence agencies, including the CBI and the NIA, under the integrated counter-terrorism platform NATGRID, according to an official order.

In an order dated July 21, the CBDT said information like permanent account number, tax deduction and collection account number, bank account details, summary of I-T returns and tax deducted at source and “any other information as mutually agreed” will be shared with the 10 agencies.

The “furnishing and receiving of information to and from” these agencies will be done through National Intelligence Grid (NATGRID), a robust mechanism envisaged to track suspects and prevent terrorist attacks with realtime data and access to classified information.