Assessing Officer designation for BCTT: the officer with jurisdiction over the assessee handles BCTT assessment powers. The Central Board of Direct Taxes authorises Income-tax authorities to exercise all powers and functions conferred on, or assigned to, an Assessing Officer for purposes of Chapter VII of the Finance Act, 2005 relating to Banking Cash Transaction Tax, and specifies that the Assessing Officer for Chapter VII shall be the officer who has jurisdiction over the assessee under the Income-tax Act, 1961.