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<h1>CBDT Directive Empowers Income-tax Authorities for Centralized e-Assessment u/s 120 of Income-tax Act, 1961.</h1> The Central Board of Direct Taxes (CBDT) has issued a directive under Section 120 of the Income-tax Act, 1961, empowering specified Income-tax Authorities to concurrently perform the functions of Assessing Officers. This is aimed at facilitating centralized e-assessment proceedings for tax returns filed under Section 139 or in response to notices under Section 142(1) for financial years starting from April 1, 2018. The directive lists various positions within the National e-Assessment Centre (NeAC) in New Delhi, including Principal Chief Commissioner, Commissioners, and other officers, who are authorized to undertake these responsibilities. The notification is effective upon publication in the Official Gazette.