Interest-tax authority jurisdiction aligned with income-tax authority powers, functions and control under the Income-tax Act. The amendment designates income-tax authorities as interest-tax authorities, directs that they exercise the powers and functions of interest-tax authorities within the same jurisdiction they hold under the Income-tax Act (including concurrent jurisdiction), assigns jurisdiction for credit institutions not assessable to income-tax to the authority over the area of their business or principal place of business, and subjects control of interest-tax authorities to the same statutory provisions and notifications that govern corresponding income-tax authorities, subject to Board directions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Interest-tax authority jurisdiction aligned with income-tax authority powers, functions and control under the Income-tax Act.
The amendment designates income-tax authorities as interest-tax authorities, directs that they exercise the powers and functions of interest-tax authorities within the same jurisdiction they hold under the Income-tax Act (including concurrent jurisdiction), assigns jurisdiction for credit institutions not assessable to income-tax to the authority over the area of their business or principal place of business, and subjects control of interest-tax authorities to the same statutory provisions and notifications that govern corresponding income-tax authorities, subject to Board directions.
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