Jurisdiction of Assessing Officers and power to transfer cases

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....y apply for the purposes of the Income-tax Act, subject to the modifications specified in sub-section (2).       (2) The modifications referred to in sub-section (1) shall be the following, namely:            (a) in section 124 of the Income-tax Act,           &nbsp....

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.... 1-4-1988. Prior to its substitution, section 11, as amended by the Finance (No. 2) Act, 1967, w.e.f. 1-4-1967, stood as under: "11. Inspecting Assistant Commissioner of Wealth-tax.-The Commissioner of Wealth-tax may empower as many persons as he thinks fit to exercise under this Act the functions of an Inspecting Assistant Commissioner of Wealth-tax, and on being so empowered the Inspecting....