Designation of income-tax authorities as wealth-tax authorities sets jurisdiction and Board control over wealth-tax administration. Sections 8-11 substitute provisions designating income-tax authorities as wealth-tax authorities with the same jurisdiction as under the Income-tax Act (residence-based jurisdiction for persons not assessee), subjecting control to the Income-tax Act scheme; the Board may issue administrative orders and guidelines (not directing particular assessments or curtailing appellate discretion), permit procedural relaxations and late claims to prevent hardship, and apply Income-tax provisions on assessing officers and case transfers to the Wealth-tax Act with specified modifications.
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.
Designation of income-tax authorities as wealth-tax authorities sets jurisdiction and Board control over wealth-tax administration.
Sections 8-11 substitute provisions designating income-tax authorities as wealth-tax authorities with the same jurisdiction as under the Income-tax Act (residence-based jurisdiction for persons not assessee), subjecting control to the Income-tax Act scheme; the Board may issue administrative orders and guidelines (not directing particular assessments or curtailing appellate discretion), permit procedural relaxations and late claims to prevent hardship, and apply Income-tax provisions on assessing officers and case transfers to the Wealth-tax Act with specified modifications.
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