(1) Income-tax authorities shall exercise all or any of the powers and perform all or any of the functions conferred on, or, as the case may be, assigned to such authorities by or under this Act in accordance with such directions as the Board may issue for the exercise of the powers and performance of the functions by all or any of those authorities. The Central Board of Direct Taxes is the supreme body in the direct tax set-up. It functions under the Department of Following are the important functions and powers of commissioner of income tax. He can start proceedings for non filing of return, imposition of penalties etc. Substituted by s. 4, Indian I.T. The implementation of the Act lies in the hands of these authorities. [5. FUNCTION AND POWERS OF COMMISSIONER OF INCOME TAX: The commissioner exercises the power to control the staff of income tax department working in his jurisdiction. (3A) Subject to the rules and orders of the Central Government regulating the conditions of service of persons in public services and posts, an Income-tax authority may appoint such executive or ministerial staff as may be necessary to assist it in the execution of its functions.]. Deputy Directors of Income-tax or Deputy Commissioners of Income-tax or Deputy Commissioners of Income-tax (Appeals). (f) Jurisdiction of … Authorities have the power to call for information with virtually any entity or persons in India under section 133. the Central Board of Direct Taxes constituted under the Central Boards of Revenue Act, 1963 (54 of 1963). The Direct Tax Laws Act, 1987 has brought far-reaching changes in the organizational structure. (Amendment) Act, 1940, w.e.f. The Income Tax Authorities (income tax officer / assessing officer) shall have the same powers as are vested in a court of law under the code of civil procedure 1908 (5of 1908) when trying a suit in respect of following matters. 22a120. (Amendment) Act, 1940. For competent authority functions and procedures of the United States, see 940 T.M., U.S. Income Tax Treaties — U.S. Important Notes – Government has proposed … Income Tax Notes – Income Tax Authorities (Powers and Functions of FBR “Federal Board of Revenue” Long Question with Answer) for B.com, ADP, BS, BBA Income Tax Notes – Income Tax Authorities (Powers and (7C) Whenever in respect of any proceeding under this Act an Income-tax authority ceases to exercise jurisdiction and is succeeded by another who has and exercises jurisdiction, the Income-tax authority so succeeding may continue the proceeding from the stage at which the proceeding was left by his predecessor: Provided that the assessee concerned may demand that before the proceeding is so continued the previous proceeding or any part thereof be reopened or that before any order for assessment is passed against him he be reheard: Provided further that in computing the period of limitation for the purposes of sub-section (3) of section 34, the time taken in reopening the whole or any part of the proceeding or in giving an opportunity to the assessee to be reheard under the preceding proviso shall be excluded.]. 1) Income-tax authorities shall exercise all or any of the powers and perform all or any of the functions conferred on or, as the case may be, assigned to such authorities by or under this Act in with such directions as the Board may issue for the exercise of the powers and performance of the The implementation of the Act lies in the hands of these authorities. 1-4-1952. The Commissioner may, * * by general or special order in writing, direct that the powers conferred on the Income-tax Officer and the Appellate Assistant Commissioner by or under this Act shall, in respect of any specified case or class of cases, be exercised by the Inspecting Assistant Commissioner and the Commissioner, respectively, and, for the purposes of any case in respect of which such order applies, references in this Act or in any rules made hereunder to the Income-tax Officer and the Appellate Assistant Commissioner shall be deemed to be references to the Inspecting Assistant Commissioner and the Commissioner, respectively. tax (PIT), corporate profits/income tax (CIT), and value added tax (VAT). (Amendment) Act, 1940,w.e.f. Such transfer may be made at any stage of the proceedings, and shall not render necessary the reissue of any notice already issued by the Income-tax Officer from whom the case is transferred.]. CA Tarannum Khatri Tax Settlement Commission, a quasi judicial body, was set up under section 245B of Income-tax Act 1961. He is also responsible for the efficiency of work in all respect in his zone. This document is highly rated by B Com students and has been viewed 4888 (6) The Central Board of Revenue may, by notification in the Official Gazette, empower Commissioners of Income-tax, Appellate or Inspecting Assistant Commis sioners of Income-tax and Income-tax Officers to perform such functions in respect of such classes of persons or such classes of income [or such area] as may be specified in the notification, and thereupon the functions so specified shall cease * * to be performed in respect of the specified classes of persons or classes of income [or area] by the other authorities appointed under sub-sections (2) and (3). The Central Board of Direct Taxes (CBDT) has authorised income tax authorities to share information or details in its possession with the Competition Commission of India (), in a notification issued on Friday. 1961. investigation into economic offences and enforcement of economic laws. The implementation of the Act lies in … It functions under the Department of Revenue of the Ministry of Finance. Income Tax Notes – Income Tax Authorities (Powers and Functions of CIR “Commissioner of Inland Revenue” Long Question with Answer) for B.com, ADP, BS, BBA Notes & Handouts / By Information PK Post navigation Income-tax authorities shall exercise all or any of the powers and perform all or any of the functions conferred on, or, as the case may be, assigned to such authorities by or under this Act in accordance [(5A) Inspectors of Income-tax shall perform such functions in the execution of this Act as are assigned to them by the Income-tax Officer or other Income-tax authority under whom they are appointed to work, and shall be subordinate to such Officer or authority.]. The income-tax authorities shall exercise all or any of the powers and perform all or any of the functions conferred on, or assigned to, such authorities in accordance with the directions issued by the CBDT for the exercise of such powers and performance of the functions by … Substituted for "and of such incomes or classes of income and" by s. 3, Indian I.T. (i) Inspecting Assistant Commissioners shall be subordinate to the Director of Inspection and to the Commissioner of Income-tax within whose jurisdiction they perform their functions; (ii) Income-tax Officers shall be subordinate to the Director of Inspection, the Commissioner of Income-tax and the Inspecting Assistant Commissioner of Income-tax within whose jurisdiction they perform their functions. ], [(7A) The Commissioner of Income-tax may transfer any case from one Income-tax Officer subordinate to him to another, and the Central Board of Revenue may transfer any case from any one Income-tax Officer to another. 1-4-1952. But, this site does not make any claim regarding the information provided on its pages as correct and up-to-date. This Portfolio may be cited as Gandhi, et al., 6890 T.M., Income Tax Treaties: Competent Authority Functions and Procedures of Selected Countries (H–K) . 1-4-1939. "With the previous approval of the Central Board of Revenue" omitted by s. 4, Indian I.T. (Amendment) Act, 1940, w.e.f. (cca) Joint Directors of Income-tax or Joint Commissioners of Income-tax. Income Tax Authorities and their Powers The Government of India has constituted a number of authorities to execute the Income Tax Act and to control the Income Tax Department efficiently. The basic functions of theincome tax authorities are Matters related to collection or levy of Direct taxes in India Investigation of offences Enforcement of economic laws Who is the 1-4-1939. Section of the Income Tax Act, 1961 provides for the administrative and judicial authorities for administration of this Act. 1-4-1952. Competent Authority Functions and Procedures. He is the primary authority who initiates he proceedings and is directly connected with the public. (c) Assistant Commissioners of Income-tax who may be either Appellate Assistant Commissioners of Income-tax or Inspecting Assistant Commissioners of Income-tax, [(1A) The Central Government may appoint as many Directors of Inspection as it thinks fit, and Directors of Inspection shall, subject to the control of the Central Board of Revenue, perform such functions of any other Income-tax authority as may be assigned to them by the Central Government.]. Income-tax authorities shall exercise all or any of the powers and perform all or any of the functions conferred on, or, as the case may be, assigned to such authorities by or under this Act in accordance with such directions as the 3, Indian I.T in all respect in his zone impose a Tax on net gains, and on income! 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