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of <h1>Amendment to Section 120 of Income-tax Act: Higher Tax Authorities Can Perform Lower Duties, Retroactive from 1988.</h1> In the Finance Act of 2006, an amendment to section 120 of the Income-tax Act introduces an Explanation to sub-section (1). This Explanation clarifies that a higher-ranking income-tax authority, if directed by the Board, can exercise the powers and perform the functions of a lower-ranking income-tax authority. Such a direction from the Board is considered a directive under sub-section (1). This amendment is retroactively effective from April 1, 1988.
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