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of <h1>Key Income-tax Act Sections Extend to Commodities Transaction Tax under Clause 110 of Finance Bill 2008</h1> The provisions of specific sections of the Income-tax Act, 1961, including sections 120, 131, 133A, 156, 178, 220 to 227, 229, 232, 260A, 261, 262, 265 to 269, 278B, 282, and 288 to 293, are applicable to the commodities transaction tax as outlined in Clause 110 of the Finance Bill, 2008. These sections cover various procedural and enforcement aspects of tax administration and are extended to regulate the commodities transaction tax similarly.
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