U/S 120(1)and 2) of the Income-tax Act, 1961 – Jurisdiction of Income-tax authorities – Empowerment of Joint Commissioner of Income-tax to perform functions of transfer pricing officers - 239/2004 - Income Tax Act, 1961
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Transfer pricing officer empowerment appoints Joint Commissioners to exercise transfer pricing powers across specified territories and name-based taxpayer classes. Notification empowers Joint Commissioners of Income-Tax to act as Transfer Pricing Officers, authorising them to exercise specified transfer pricing powers for the purpose of the transfer pricing provisions; it designates offices by headquarters and allocates territorial jurisdiction and classes of taxpayers-described by name initials and assessing officer location-to each designated Joint Commissioner.
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 officer empowerment appoints Joint Commissioners to exercise transfer pricing powers across specified territories and name-based taxpayer classes.
Notification empowers Joint Commissioners of Income-Tax to act as Transfer Pricing Officers, authorising them to exercise specified transfer pricing powers for the purpose of the transfer pricing provisions; it designates offices by headquarters and allocates territorial jurisdiction and classes of taxpayers-described by name initials and assessing officer location-to each designated Joint Commissioner.
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