Jurisdiction of Assessing Officers: Income-tax sections apply to wealth-tax subject to specified modifications and omissions. Sections 124 and 127 of the Income-tax Act apply to the Wealth-tax Act with specified modifications: references to Income-tax provisions are to be read as references to corresponding Wealth-tax provisions, a subsection of section 124 is omitted by substitution, and the Explanation to section 127 is extended to include proceedings under the Wealth-tax Act, thereby governing jurisdiction, transfer and related procedural mechanisms for assessing officers.
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.
Jurisdiction of Assessing Officers: Income-tax sections apply to wealth-tax subject to specified modifications and omissions.
Sections 124 and 127 of the Income-tax Act apply to the Wealth-tax Act with specified modifications: references to Income-tax provisions are to be read as references to corresponding Wealth-tax provisions, a subsection of section 124 is omitted by substitution, and the Explanation to section 127 is extended to include proceedings under the Wealth-tax Act, thereby governing jurisdiction, transfer and related procedural mechanisms for assessing officers.
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