TaxTMI 
TaxTMI 
Income-tax Authorities - THE FINANCE (No. 2) BILL, 2014
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....ncome-tax Authorities - THE FINANCE (No. 2) BILL, 2014 <br>News and Press Release<br>Dated:- 13-7-2014<br><BR>Income-tax Authorities Section 116 of the Act specifies income-tax authorities for the p....
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....urposes of the Act and section 117 states that the Central Government may appoint such persons as it thinks fit to be income-tax authorities. The income-tax authorities enumerated under section 116 of....
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.... the Act include Central Board of Direct taxes, Directors-General of Income-tax or Chief Commissioners of Income-tax, Directors of Income-tax or Commissioners of Income-tax etc. In view of the creat....
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....ion of new income-tax authorities, it is proposed to amend the aforesaid section 116 of the Act so as to include the newly created income-tax authorities. It is further proposed to insert clauses (34A....
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....), (34B), (34C) and (34D) in section 2 of the Act so as to define the terms "Principal Chief Commissioner of Income-tax", "Principal Commissioner of Income-tax", "Principal Director General of Income-....
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....tax" and "Principal Director of Income-tax" to mean a person appointed to be an income-tax authority under section 117 of the Act. It is also proposed to make consequential amendments in clauses (15A)....
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...., (16) and (21) of section 2 of the Act and in other sections of the Act. These amendments will take effect retrospectively from 1st June, 2013. [Clauses 3, 4 & 44]<BR> News - Press release - PIB....