https://www.taxtmi.com/acts?id=19861 Income-tax authorities specified in section 116 are designated as tax authorities under the Black Money Act and shall exercise powers and functions in respect of persons within their jurisdiction. Their jurisdiction aligns with that under the Income-tax Act by virtue of orders or directions (including concurrent assignments). If an assessee has no income assessable under the Income-tax Act, the tax authority is that of the area where the assessee resides, carries on business, or has its principal place of business. Control of authorities follows corresponding Income-tax Act controls, subject to Board notifications. en-us Fri, 03 Jul 2015 18:00:30 +0530 Fri, 31 Oct 2025 15:42:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19861 Income-tax authorities specified in section 116 are designated as tax authorities under the Black Money Act and shall exercise powers and functions in respect of persons within their jurisdiction. Their jurisdiction aligns with that under the Income-tax Act by virtue of orders or directions (including concurrent assignments). If an assessee has no income assessable under the Income-tax Act, the tax authority is that of the area where the assessee resides, carries on business, or has its principal place of business. Control of authorities follows corresponding Income-tax Act controls, subject to Board notifications. Act-Rules Direct Taxes Fri, 03 Jul 2015 18:00:30 +0530 https://www.taxtmi.com/acts?id=19861