Delegation of approval authority for tax-concession agreements allows regional income-tax chiefs to consider reviews based on fresh facts. Approval authority for agreements seeking tax concessions under section 80-O was delegated from the Central Board of Direct Taxes to Chief Commissioners/Directors General of Income-tax effective April 1, 1989; pending applications were transferred accordingly. Rejected cases for which review petitions were filed after the delegation may be considered by the regional authority only on the basis of fresh facts, and the Chief Commissioner/Director General has power to dispose of such reviews.
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Provisions expressly mentioned in the judgment/order text.
Delegation of approval authority for tax-concession agreements allows regional income-tax chiefs to consider reviews based on fresh facts.
Approval authority for agreements seeking tax concessions under section 80-O was delegated from the Central Board of Direct Taxes to Chief Commissioners/Directors General of Income-tax effective April 1, 1989; pending applications were transferred accordingly. Rejected cases for which review petitions were filed after the delegation may be considered by the regional authority only on the basis of fresh facts, and the Chief Commissioner/Director General has power to dispose of such reviews.
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