Section 120(1) and (2) of the Income-Tax Act, 1961 - Jurisdiction of Income tax Authorities Supersession of Notification No. S.O. 994(E), dated the 9th September, 2004. - 59/2014 - Income Tax
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Transfer pricing jurisdiction allocated to designated Transfer Pricing Officers under section 92CA to administer sections 92C and 92D. The notification designates specified officers as Transfer Pricing Officers and vests them with the powers and functions under the transfer pricing statute to determine transfer pricing matters for the purposes of the provisions dealing with computation and assessment of international and specified domestic transactions. Jurisdiction is allocated by territorial areas and classes of assessees (including assignment by assessing officer jurisdiction and by initial letters or symbols of assessee names). The notification supersedes the earlier notification subject to a savings clause and authorises senior international tax commissioners to distribute work among these 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.
Transfer pricing jurisdiction allocated to designated Transfer Pricing Officers under section 92CA to administer sections 92C and 92D.
The notification designates specified officers as Transfer Pricing Officers and vests them with the powers and functions under the transfer pricing statute to determine transfer pricing matters for the purposes of the provisions dealing with computation and assessment of international and specified domestic transactions. Jurisdiction is allocated by territorial areas and classes of assessees (including assignment by assessing officer jurisdiction and by initial letters or symbols of assessee names). The notification supersedes the earlier notification subject to a savings clause and authorises senior international tax commissioners to distribute work among these officers.
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