TMI BlogIncome-tax Authorities - THE FINANCE (No. 2) BILL, 2014X X X X Extracts X X X X X X X X Extracts X X X X ..... Income-tax Authorities - THE FINANCE (No. 2) BILL, 2014 - News and Press Release Dated:- 13-7-2014 - News - Income-tax Authorities Section 116 of the Act specifies income-tax authorities for the purposes 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 sectio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n 116 of 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 creation 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 inser ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t clauses (34A), (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-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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... clauses (15A), (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] - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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