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    <title>Amendment of section 3</title>
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    <description>The amendment designates income-tax authorities as interest-tax authorities, directs that they exercise the powers and functions of interest-tax authorities within the same jurisdiction they hold under the Income-tax Act (including concurrent jurisdiction), assigns jurisdiction for credit institutions not assessable to income-tax to the authority over the area of their business or principal place of business, and subjects control of interest-tax authorities to the same statutory provisions and notifications that govern corresponding income-tax authorities, subject to Board directions.</description>
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      <description>The amendment designates income-tax authorities as interest-tax authorities, directs that they exercise the powers and functions of interest-tax authorities within the same jurisdiction they hold under the Income-tax Act (including concurrent jurisdiction), assigns jurisdiction for credit institutions not assessable to income-tax to the authority over the area of their business or principal place of business, and subjects control of interest-tax authorities to the same statutory provisions and notifications that govern corresponding income-tax authorities, subject to Board directions.</description>
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