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    <title>Section 120(1), (2) and (5) of the Income-Tax Act, 1961 - Jurisdiction of Income tax Authorities</title>
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    <description>Designated Principal Commissioners of Income-tax of the Regional Faceless Assessment Centre (Verification Unit) are authorised under section 120 (sub-sections (1), (2) and (5)) read with section 133C and rule 12D to act as Prescribed Authority with concurrent powers for specified territorial areas, persons, cases or incomes; Principal Commissioners may delegate these powers in writing to Additional/Joint Commissioners, who may further delegate to Deputy/Assistant Commissioners or Income-tax Officers within the Schedule&#039;s territorial and subject-matter limits based on information held by the Directorate of Income-tax (Systems).</description>
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      <description>Designated Principal Commissioners of Income-tax of the Regional Faceless Assessment Centre (Verification Unit) are authorised under section 120 (sub-sections (1), (2) and (5)) read with section 133C and rule 12D to act as Prescribed Authority with concurrent powers for specified territorial areas, persons, cases or incomes; Principal Commissioners may delegate these powers in writing to Additional/Joint Commissioners, who may further delegate to Deputy/Assistant Commissioners or Income-tax Officers within the Schedule&#039;s territorial and subject-matter limits based on information held by the Directorate of Income-tax (Systems).</description>
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