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<h1>Finance Bill 2014 Expands Income-Tax Authority List Under Section 116, Adds Principal Directors and Commissioners Retroactively</h1> Clause 44 of the Finance (No. 2) Bill, 2014 amends section 116 of the Income-tax Act to include additional income-tax authorities. Specifically, it introduces Principal Directors General of Income-tax, Principal Chief Commissioners of Income-tax, Principal Directors of Income-tax, and Principal Commissioners of Income-tax as recognized authorities. These amendments are applied retrospectively from June 1, 2013, thereby expanding the list of designated income-tax authorities under section 116.