TMI BlogDefinitions.X X X X Extracts X X X X X X X X Extracts X X X X ..... Officer" means the Income-tax Officer or Assistant Commissioner of Income-tax or Deputy Commissioner of Income-tax or Joint Commissioner of Income-tax or Additional Commissioner of Income-tax who is authorised by the Board to exercise or perform all or any of the powers and functions conferred on, or assigned to, an Assessing Officer under this Chapter; (3) "banking cash transaction t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of Undertakings) Act, 1970 (5 of 1970), or under section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 (40 of 1980), or any other bank being a bank included in the Second Schedule to the Reserve Bank of India Act, 1934 (2 of 1934); (8) "taxable banking transaction" means— ( a ) a transaction, being withdrawal of cash (by whatever mode) on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... one lakh rupees, in case such term deposit or deposits are by any person other than any individual or Hindu undivided family; (9) words and expressions used but not defined in this Chapter and defined in the Negotiable Instruments Act, 1881 (26 of 1881), the Reserve Bank of India Act, 1934 (2 of 1934), the Banking Regulation Act, 1949 (10 of 1949), the Income-tax Act, 1961 (43 of 1961) ..... X X X X Extracts X X X X X X X X Extracts X X X X
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