Powers conferred u/s 120 of the Income-tax Act 1961 (43 of 1961)-column (2) of the Schedule II - Amendment in N. No. S.O. 733(E) dated the 31st July, 2001

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....on No. 206 of 2003, dt. 27th Aug., 2003 In exercise of the powers conferred by sub-sections (1) and (2) of section 120 of the Income-tax Act 1961 (43 of 1961), the Central Board of Direct Taxes, hereby directs that Chief Commissioners of Income-tax specified in column (2) of the Schedule II shall exercise all the powers and perform all the functions under the Income-tax Act 1961 for the period be....

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.... persons under the Income-tax Act, 1961 (43 of 1961)" shall be substituted; (b) in the second proviso, for the words "Schedule having jurisdiction vested in them", the words, brackets and figures "Schedule having jurisdiction vested in them and shall also exercise all the powers and perform all the functions in respect of those persons under the Income-tax Act, 1961 (43 of 1961)" shall be substi....