Central tax boards split into Central Board of Direct Taxes and Central Board of Indirect Taxes and Customs. References to the Central Board of Revenue in various direct-tax statutes are substituted by the Central Board of Direct Taxes, and references in customs ... Summary
Central tax boards split into Central Board of Direct Taxes and Central Board of Indirect Taxes and Customs.
References to the Central Board of Revenue in various direct-tax statutes are substituted by the Central Board of Direct Taxes, and references in customs and central excise statutes are substituted by the Central Board of Indirect Taxes and Customs. Functions formerly vested in the Central Board of Revenue are allocated: matters connected with direct taxes are to be discharged by the Central Board of Direct Taxes, and other matters by the Central Board of Indirect Taxes and Customs unless the Central Government entrusts them to the Central Board of Direct Taxes.
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