Income Tax Authorities
Income Tax Authorities
AUTHORITIES
Income Tax Department
Their Vision
Their Mission
Their Values
Who are income tax authorities?
(Sec 116)
(a) the Central Board of Direct Taxes.
Jurisdiction:
Determined by CBDT.
Functions:
CBDT assigns functions by general or special order.
Powers:
Exercise powers of an assessing officer.
Appoint income tax authorites below the rank
of assisstant commissioner.
Make enquiries on investigations into
concealment – Section 131 (1A)
Giving instructions to income tax officers
Section 119 (2)
Power of Survey- Section 133A
Power to make enquiry – Section 135
Commissioners/Directors of Income
Tax
Appointment:
By central govt.
Jurisdiction:
Determined by central board
of direct taxes.
Functions :
The Board assigns functions
by general or special order.
Powers:
Jurisdiction:
Determined by central
board of direct taxes.
Functions :
The Board assigns functions by general or special order.
Powers:
subordinate officers.
Powers:
Accord approval to adopt fair market value as full
consideration – section 52.
Instructions to income tax officers – section 119 (3).
- Exercise powers of income tax officers
section 125 a.
- Power to call information section 133.
- Power to inspect registers of companies
section 134.
- Power to make any enquiry section 135.
Assisstant Commissioner/ Income
tax officer
Jurisdiction:
Determination of CBDT.
Concurrent jurisdiction .
of income tax.
Powers, functions and
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The tax payer has the following rights in case of search-
Examining the search warrant which must clearly specify the name of the party
to be searched and be duly signed by the officer. The search warrant issued in
the name of the firm cannot be used to seize assets of individual partners.
Calling two or more respectable inhabitants of the locality to act as witnesses.
Verifying the identity and make personal search of each member of the search
party.
Calling a doctor in case of emergency.
Inspect seals placed on various objects
Inspect and take photocopies of the seized books of account and documents.
Income tax raid
What leads to income tax raids, searches and seizures?