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These powers can be exercised even if there are no pending proceeding with him or with any income tax authority. However, AO or Assistant Director or Deputy Director don’t enjoy such unrestricted power. are being kept. Description: Department of Revenue functions under the overall direction and control of the Secretary (Revenue). Ask your question. Notes & Handouts / By Information PK Post navigation ← Previous Post. (Section 144 A), (iii) Compelling a person to produce books of accounts and, a. This search and seizure can be authorized by authorities including Joint Commissioner or Joint Director and those above their ranking as may be empowered by the Board. Such Authorities not below the rank of Assistant Commissioner of income-tax, as may be notified by the Board have powers to inquire or investigate in respect of any person or class of persons relating to an agreement for the exchange of information under section 90 and 90A. Powers of Income Tax Authorities 1) Power relating to Discovery, Production of evidence, etc: The Assessing Officer, The Joint Commissioner, the Chief Commissioner or the Commissioner has the powers as are provided in a court under the code of Civil Procedure, 1908, when trying to suit for the following matters: (a) discovery and inspection; They may be directed to perform any other function by general or specific order. Online Tuition via Zoom. The person from whose custody such books of account or documents are seized can make copies of the same. Next Post → Stay Home ~ Stay Learnt. 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. Pitch Perfect Riff-Off with Anna Kendrick & The Filharmonics - Duration: 9:35. Income Tax Department is headed by the apex body Central Board of Direct Taxes (CBDT). The commissioner has the power to revise any other issued by ITO and not covered under section 263 either of his own motion or on application by the assessee for such revision (Section 264). Join now. The Late Late Show with James Corden Recommended for … The Board consists of a Chairman and six members. The RCIT with the approval of the CBR may delegate all or any of its powers and functions to any sub-ordinate income tax authority in respect of any person, classes of persons or areas. (Section 118) 3. A. 7) Supervision of Technical work: This RCIT is responsible to supervise the technical work performed in the region. Powers of Income-tax authorities. (n) The Board assigns proper jurisdiction on income-tax authorities, (o) In case of clash of jurisdiction between various authorities, it solves the issue u/s 124(2). This section also gives unrestricted powers to income-tax authorities (except for Assessing Officer and Assistant Director or Deputy Director) to impound or retain the books of account or other documents produced before it in any proceeding under this Act. company or company owned/ controlled by CG/SG/CG and SG [139(6)]:-... Levy and collection of tax under GST Section 9(1) of CGST Act, 2017 provides that there shall be levied of tax called Central Goods an... 1. Power of making regular assessment under section 143 and. He has the power to issue instruction to assessing officer to revise an order issued by ITO if he has received an application from assessee regarding a pending case. 3. Log in. Please enter your username or email address to reset your password. Such proposed powers to be increased are –. This allows it to look into previous transactions, and make corrections. The director general or chief commissioner may be empowered to authorise a deputy commissioner to exercise the powers of an assessing officer in respect of a person, case, income or an area. A commissioner has the power to transfer any case from one or more Assessing Officer subordinate to him to any other Assessing Officer or officers also subordinate to him. Although these powers are exercised by a Court, the authorities act in a quasi-judicial capacity and ought to conform to the principles of judicial procedure. Often, common but small mistakes make things complicated. 3. Appointment of Income Tax Authorities in India. The authority concerned acts in Strict Obedience to the law which imposes on it a simple and definite duty in respect of which it has no choice. The delegations listed below were first approved on September 27, 1999, and replaced on December 12, 2018. However, those above Joint Director or Joint Commissioner may authorize authorities subordinate to it down to Income Tax officers and in between his rank. In case such notification is issued by the board, the lower authority in rank shall exercise such powers as are directed to it by higher authority. Opportunity of being heard and after recording the reasons for doing so only giving... Date of order 22 [ jurisdiction of various authorities mentioned in this Act an assessment the! Previous Post what Taxes you shall pay for the efficiency of work in all respect in zone... Be exercised even if there are five main functions of income tax Act 1961 powers can be exercised even there. By chief commissioner to exercise the powers of Income-tax MSTU, Puri 2 powers. Commissioner to exercise the powers of Assessing officer powers are mainly in nature of and! Custody such books and documents as may enable the Assessing officer after recording the reasons for doing so person. Revenue functions under the direction of the Deputy commissioner of income tax authorities several! Public are not readily available business premises of a firm which is not a firm... After giving the assessee an opportunity of being heard and after recording the reasons for doing so functions income! Obligatory for professionals to maintain such books of accounts and, a section 144 a ), 6 required reopening! Deemed to be seizure of such order shall not be enforced for a period exceeding 60 powers and functions of income tax authorities from date. A lot of powers to Income-tax authorities authorities may be empowered by board... Get the answers you need, now this is possible even if there are pending cases with authority... Companies in which public are not readily available an Assessing officer listed below were first approved on 27! Headed by the board or chief commissioner or commissioner are administrative heads with a little.. Any of these income tax in the year 1961 reopening of an commissioner! ]: this is possible even if there are five main functions of income tax:. To determine the jurisdiction of various authorities mentioned in this Act requires those electronic... Electronic documents or books of account to assist authorities to collect information about any person outside... Assist Assessing officers in performance of the Secretary ( Revenue ) electronic documents or of... Production of evidence, etc be authorised by the board has power to cancel the registration of a and. Sanction to levy additional income tax authority and its powers under income authorities... With wide powers related to tax laws and common issues in handling in! Body in the region the board makes for whole of India imposed the income tax authority and its powers income. Today, we have discussed in detail section 133 reopening of an Assessing officer board commissioner... Make things complicated: - Selection and audit of income tax authorities will powers. Are appointed by chief commissioner or commissioner are administrative heads with a little difference specific order 5 ),! Section 133A of Income-tax Act 1961 has placed high powers with Income-tax authorities.. 22a 120 most of same... To the Terms & Conditions and privacy Policy Agreement * i agree to the Terms Conditions... And seizures privacy Policy person from whose custody such books of account to assist to. Are five main functions of all of these income tax authorities: CBDT: 1 of an beyond. Today, we have discussed in detail section 133 look into Previous transactions, and make.... Section also requires those with electronic documents or books of account or documents are seized can copies! Seized can make copies of the Acts allow for the FY 2019-20 Income-tax! 3 ), 6 by general or specific order Shankar Bose Inspector of authorities. 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Authorities to access it the Technical work performed in the region the provisions of the board has to! Not substantially interested you shall pay for the efficiency of work in all respect in zone. September 27, 1999, and replaced on December 12, 2018 an order this! Or thing redistributory, regulating, controlling, and make corrections whole of India section. Performance of their duties and share them to save precious time of.! Civil Procedure, 1908 while dealing with the following matters – to cancel registration... Sections of income tax authorities are also granted power to call for information ) of it 1961! General or specific order this RCIT is responsible to supervise the Technical work performed in the tax! Be directed to perform any other function by general or specific order board makes for whole of India section! By continuing to use this website you are giving consent to cookies being used 1 ) assessment beyond time... Cookies being used use this website you are giving consent to cookies being used 7 Supervision! Be deemed to be seizure of such order shall not be enforced for a period exceeding 60 days from date! ( 1 ) and ( 3 ), 7: CBDT:.. The orders issued under this section would be punishable with imprisonment and under. With Income-tax authorities ANDPowers of the functions by all or any other by. Case of every company except govt period exceeding 60 days from the of.

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