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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Section 7AA of Gift-tax Act: Inspecting Assistant Commissioners Gain Concurrent Jurisdiction with Gift-tax Officers for Specific Cases.</h1> The Taxation Laws (Amendment) Act, 1975, introduces Section 7AA to the Gift-tax Act, 1958, establishing concurrent jurisdiction between the Inspecting Assistant Commissioner and Gift-tax Officers. The Commissioner can authorize the Inspecting Assistant Commissioner to exercise powers or functions of Gift-tax Officers in specific areas or cases. Gift-tax Officers must follow directives from the Inspecting Assistant Commissioner, provided these are not prejudicial to the assessee without a hearing. If the Inspecting Assistant Commissioner exercises these powers, references to Gift-tax Officers and Appellate Assistant Commissioners in the Act are interpreted as referring to the Inspecting Assistant Commissioner and the Commissioner, respectively.
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