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of <h1>Finance Bill 2008: Key Definitions for Commodities Transaction Tax Explained, Including Appellate Tribunal and Assessing Officer Roles</h1> In this chapter of the Finance Bill, 2008, key definitions are provided for terms related to the commodities transaction tax. The 'Appellate Tribunal' refers to the tribunal established under the Income-tax Act, 1961. The 'Assessing Officer' includes various levels of income-tax officers authorized by the Board. The 'commodities transaction tax' is a tax on specified commodities transactions. 'Prescribed' refers to rules set under this chapter. A 'taxable commodities transaction' involves the trading of options in goods or commodity derivatives in recognized associations. Undefined terms will follow definitions from the Forward Contracts (Regulations) Act, 1952, and the Income-tax Act, 1961.
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