PAK TAKES THE TUNNEL ROUTE TO FOMENT TERROR, 22 NOVEMBER 1971-DOGFIGHT: GNATS VS SABRES, GRANTS, PENSION REGULATION REVISION AND MORE, Enforcing the attendance of any person, including any officer of a banking company and examining him on oath, Compiling the production of books of accounts and other documents. Clipping is a handy way to collect important slides you want to go back to later. Discovery, Production of evidence etc. Two categories of taxation were prescribed. when a mistake apparent from the record was brought to the notice by the concerned person. Main responsibility of IT Department is to enforce various direct tax laws, most important among these being the Income-tax Act, 1961, to collect revenue for Government of India. Complete Give effect and administer the supervisory and police powers conferred to it by the Tax Code and other laws. Following are the important functions and powers of commissioner of income tax. The Central Government can appoint those persons which it thinks are fit to become Income Tax Authorities. Income Tax: Powers of the Assessing Officer. The expression Assessing Officer will mean an ITO, Assistant Commissioner or a Deputy Commissioner who is vested with powers to assess. 2. 117 ]. The Vice-President shall exercise such of the powers and perform such of the functions of the President as may be delegated to him by the President by a general or special order in writing. (1) Power of Central Government : The Central Government may appoint such persons as it thinks fit to be income-tax authorities. (ii-a) Search any person who has got out of or is about to get into or is in the building place, vessel, vehicle or aircraft if the authorised officer has reason to suspect that such person has secreted about his person any such books of accounts, other documents, money, bullion, jewellery or other valuable article or thing. 117C. Also, powers under Section 131(1) can be exercised by the assessing officer only when any proceedings are pending before him in relation to that assessee. Income Tax Authorities, Powers and Duties - Income Tax Laws B Com Notes | EduRev notes for B Com is made by best teachers who have written some of the best books of For the removal of doubts, it is hereby declared that any income-tax authority, being an authority higher in rank, may, if so directed by the Board, exercise the powers and perform the functions of the income-tax authority lower in rank and any such direction issued by the Board shall be deemed to be a direction issued under sub-section (1). 116 ]. out B Com lecture & lessons summary in the same course for B Com Syllabus. 27) Rectification of mistakes [221] The Commissioner may amend his own order to rectify any mistake apparent from the record on his own activity or any mistake brought to its notice by a taxpayer or any income tax authority. (2) Likewise, the State Government may appoint a Special Commissioner and such number of Additional Commissioners of Sales Tax, and such number of, - (a) Joint Commissioners, (b) Senior … Powers of assessing officer Under Section 131. Orders passed by him can be challenged only on approval. —(1) The Income-tax Officer, Appellate Assistant Commissioner, Commissioner and Appellate Tribunal shall, for the purposes of this Act, have the same powers as are vested in a Court under the Code of Civil Procedure, 1908 (V of 1908), when trying a suit in respect of the following matters, namely:— The said provision provides that Central Board of Direct Taxes (CBDT) may by a general or special order empower the powers and functions conferred on or as the case may be, assigned to, an AO to an Additional CIT or an Additional Director or a Joint Commissioner or a Joint Director. Section  of the Income Tax Act, 1961 provides for the administrative and judicial authorities for administration of this Act. Thus the Chief Commissioners of Income Tax draw three different pay scales based on their seniority. Section 131 is comprised of two complementary sub-sections relating to two different classes of officers. 20.1.2 Central Board of Direct Taxes (CBDT): The Central Board of Direct Taxes is a statutory body constituted under the Central Board of Revenue Act, 1963. B Com Income Tax Authorities, Powers and Duties - Income Tax Laws B Com Notes | EduRev Summary and Exercise are very important for According to the appellant/assessee, it is incumbent under the scheme of statute to vest the Additional CIT u/s 120(4)(6) of the Act to exercise or perform all or any of the powers and functions of Assessing Officer under the Act. Income Tax Notes – Income Tax Authorities (Powers and Functions of CCIR ” Chief Commissioner of Inland Revenue” Long Question with Answer) for B.com, ADP, BS, BBA. Functions of Director General of Income Tax (Administration) Supervision and control over the work in the following Directorates:- i. 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. It has gotten 80282 views and also has 4.7 rating. Director’ or ‘Income Tax Officer’ under the Act. (cca) Joint Directors of Income-tax or Joint Commissioners of Income-tax. 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. 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