(d) Deputy Directors of Income-tax or Deputy Commissioners of Income-tax or Deputy Commissioners of Income-tax (Appeals),(e) Assistant Directors of Income-tax or Assistant Commissioners of Income-tax,(f) Income-tax Officers,(g) Tax Recovery Officers,(h) Inspectors of Income-tax. In addition, the Chairman and every Member of CBDT are responsible for exercising supervisory control over definite areas of field offices of Income Tax Department, known as Zones. (v) Make a note or an inventory of any such money, bullion, jewellery or other valuable article or thing. (1) Power of Central Government : The Central Government may appoint such persons as it thinks fit to be income-tax authorities. Directorate of Income Tax (PR,PP&OL) iv. Similarly, the authorisations issued can be further extended to cover persons as well as places during the course of the search itself. It has to preform several statutory functions under the various acts and it is responsible for the formulation and implementation of different policies relating to direct taxes administration. The government of India imposed the Income Tax Act in the year 1961. An Income Tax authority can have a survey for the purpose of this Act.The objectives of conducting Income Tax surveys are:• To discover new assessees;• To collect useful information for the purpose of assessment;• To verify that the assessee who claims not to maintain any books of accounts is in-fact maintaining the books;• To check whether the books are maintained, reflect the correct state of affairs.6) Collection of Information: For the purpose of collection of information which may be useful for any purpose, the Income tax authority can enter any building or place within the limits of the area assigned to such authority, or any place or building occupied by any person in respect of whom he exercises jurisdiction. 117 (1) ](2)  Power of the Board and Other Higher Authorities :  Subject to the rules and orders of the Central Government regulating the conditions of service of persons in public services and posts, the Central Government may authorize the Board, or a Director-General, a Chief Commissioner or a Director or a Commissioner to appoint income-tax authorities below the rank of an Assistant Commissioner or Deputy Commissioner. @2020 - All Right Reserved. According to the appellant/assessee, it is incumbent under the scheme of statute to vest the Additional CIT u/s 120(4)(6) of the Act to exercise or perform all or any of the powers and functions of Assessing Officer under the Act. to exercise or not to exercise the power to rectify. Functions of different Directorates under Principal Director General of Income tax (Administration) --- A. You just clipped your first slide! Tests & Videos, you can search for the same too. Income Tax Department is headed by the apex body Central Board of Direct Taxes (CBDT). Shall exercise general supervision over all assessors of general property or other taxes, over township, county, and city boards of equalization and over all other assessing officers, in the performance of their duties, to the end that all assessments of property be made relatively just and equal in compliance with the laws of the state. The Central Government can appoint those persons which it thinks are fit to become Income Tax Authorities. Next Post → Stay Home ~ Stay Learnt. Directorate of Income Tax (Inspection & Examination) ii. The I-T Department, through its Tax Recovery Officer (TRO), has been bestowed with the powers to “arrest and detain” in prison a tax defaulter and carry out subsequent stringent penal action against the individual under the provisions of the Income Tax Act to recover arrears. Delegation of Ministerial powers, duties, and functions; Income Tax Act – Authorization to exercise powers or perform duties of the Minister of National Revenue Last updated on June 15, 2020. 3. We all have a fear of income tax officers either sending us a notice of enquiry or visiting our home or office premises to make enquires and check our income and wealth. Income Tax: Powers of the Assessing Officer. 7. u/s 40A. 116 ]. Salute Magazine focuses on matters related to India’s armed forces and covers a range of national security and military issues that are of importance to the defence establishment, the armed and police forces. Income tax rates rose sharply during World War I, peaking at 77% in 1918 for those making $1 million per year, when it was just 15% two years earlier. using search above. He performs all powers and functions as assigned to him under the Income-tax Act. Collection of information; Power of survey; Power to call for information; Power to possess book of accounts; Power of search and seizure; Power related to discover and produce evidences Would love your thoughts, please comment. (iv) Placemarks of identification on any books of accounts or other documents or make or cause to be made extracts or copies therefrom. All Commissioners of Income-tax Sub: – Duties & Functions of an Inspector in the Department- Having reviewed the role of Inspector in the present day set-up of the Department the Board have compiled a new list of duties and functions of Inspector which is enclosed herewith. The said provision provides that Central Board of Direct Taxes (CBDT) may by a general or special order empower the powers and functions conferred on or as the case may be, assigned to, an AO to an Additional CIT or an Additional Director or a Joint Commissioner or a Joint Director. PAK TAKES THE TUNNEL ROUTE TO FOMENT TERROR, 22 NOVEMBER 1971-DOGFIGHT: GNATS VS SABRES, GRANTS, PENSION REGULATION REVISION AND MORE, Enforcing the attendance of any person, including any officer of a banking company and examining him on oath, Compiling the production of books of accounts and other documents. A chief tax officer is a senior corporate financial manager responsible for determining organizational liabilities to tax authorities. The officer has the power to call for information from any person either with regard to his own matters or in case of a third person, with whom the person has any dealings, which are covered under various sections of the Income Tax Act. [Tax Recovery Officer to exercise or perform certain powers and functions of an Assessing Officer. out B Com lecture & lessons summary in the same course for B Com Syllabus. What are the powers of the Income Tax authorities as defined by the Income Tax Act? An Assessing Officer is an individual person appointed by the Income-tax department. The Director General of Income Tax (HRD), is the head of Directorate of Income Tax (HRD). Functions [ edit ] Chief Commissioners are allotted budgetary targets for collection by the Central Board of Direct Taxes and the targets are divided among the Commissioners of Income Tax … Director by whom the powers and functions are to be exercised or performed under such order, and any provision of this Act requiring approval or sanction of the Joint Commissioner shall not apply. To Study Income Tax Authorities, Powers and Duties - Income Tax Laws B Com Notes | EduRev for B Com Income Tax Department is headed by the apex body Central Board of Direct Taxes (CBDT). (Sec. Directorate of Income Tax (Public Relations, Printing Publications & Official Language) --- To carry out the advertisement campaign for the department in print, electronic media, outdoor publicity to bring awareness amongst taxpayers about income tax provisions and statutory timelines. Following are the important functions and powers of commissioner of income tax. 2. (iii) Appointment of Income-Tax Authorities [ Sec. Income Tax Authorities - Income Tax Authorities, Income Tax Laws, Appeals and Revisions - Income Tax Authorities, Income Tax Laws. The officer has the power to call for information from any person either with regard to his own matters or in case of a third person, with whom the person has any dealings, which are covered under various sections of the Income Tax Act. Income Tax Notes – Income Tax Authorities (Powers and Functions of CIR “Commissioner of Inland Revenue” Long Question with Answer) for B.com, ADP, BS, BBA. 117 (1) ] Where the higher tax authorities as a consequence of information in their possession have reason to believe that. Here, we shall discuss the most critical two sections. You just clipped your first slide! commissionor or higher level officer can conduct search. Have so far author of 21 books on Income Tax. Income Tax Authority and its Powers under Income Tax Act Background. The powers, functions and duties of Income-tax Officers are provided in many sections, some of which are given below: i) Discovery and production of evidence [Section 131]; ii) Power regarding search and seizure [Section 132]; iii) Power to requisition books of account [Section 132A]; iv) Application of retained assets [Section I32B]; Prospective students who searched for Chief Tax Officer: Job Description, Duties and Requirements found the following information and resources relevant and helpful. Powers of Income Tax Authorities 1) Power relating to Discovery, Production of evidence, etc: The Assessing Officer, The Joint Commissioner, the Chief Commissioner or the Commissioner has the powers as are provided in a court under the code of Civil Procedure, 1908, when trying to suit for the following matters: Director’ or ‘Income Tax Officer’ under the Act. Give effect and administer the supervisory and police powers conferred to it by the Tax Code and other laws. (1) Power of Central Government : The Central Government may appoint such persons as it thinks fit to be income-tax authorities. Income Tax Authorities, Powers and Duties - Income Tax Laws B Com Notes | EduRev notes for B Com is made by best teachers who have written some of the best books of just for education and the Income Tax Authorities, Powers and Duties - Income Tax Laws B Com Notes | EduRev images and diagram are even better than Byjus! (Sec. 117 ]. This document is highly rated … He has sweeping powers under various sections of the Act. The authorised officer may where it is not practicable to seize any such books of accounts other documents, money, bullion, jewellery or other valuable articles or things serve an order on the owner or the person who is in immediate possession or control thereof that he shall not remove or part with or otherwise deal with it except with previous permission of such officer, and such officer may take such steps as may be necessary for ensuring the compliance of his such order. SALES TAX AUTHORITIES AND THEIR FUNCTIONS Sales Tax Authorities (1) For carrying out the purposes of this Act, the State Government shall appoint an officer to be called the Commissioner of Sales Tax. He is both an administrator and a quasi-judicial officer. B Com Income Tax Authorities, Powers and Duties - Income Tax Laws B Com Notes | EduRev Summary and Exercise are very important for Born on 27 June, 1958 in Narnaul, Haryana joined Income-tax Department in the year 1983 and retired as Income Tax Officer on 30.06.2018. To assess the correct income of the assessee who have already filed their returns. Thus the Chief Commissioners of Income Tax draw three different pay scales based on their seniority. The Assessing Officer includes: Now customize the name of a clipboard to store your clips. The Direct Tax Laws Act, 1987 has brought far-reaching changes in the organizational structure. If you want Income Tax Authorities, Powers and Duties - Income Tax Laws B Com Notes | EduRev EduRev is a knowledge-sharing community that depends on everyone being able to pitch in when they know something. Accept Read More. "Assessing Officer" means the Assistant Commissioner or Deputy Commissioner or Assistant Director or Deputy Director or the Income-tax Officer who is vested with the relevant jurisdiction by virtue of directions or orders issued under sub-section (1) or sub-section (2) of section 120 or any other provision of this Act, and the Joint Commissioner or Joint Director who is directed under clause (b) of sub-section (4) of that section to exercise or perform all or any of the powers and functions conferred on, or assigned to, an Assessing Officer under this Act; Importance of Assessing Officer :In the organizational setup of the income tax department, Assessing Officer plays a very vital role. While at the current juncture everyone is planning to make investments which qualify for tax exemptions and decrease one’s tax liability to the minimum, it’s time we discuss briefly the powers of an Income Tax Officer, whom we love to hate. Give effect and administer the supervisory and police powers conferred to it by the Tax Code and other laws. (iii) Seize any such books of accounts, other documents, money, bullion, jewellery or other valuable article or thing found as a result of such search (provided that bullion, jewellery or other valuable article or thing, being stock in trade of the business, found as a result of such search shall not be seized, but the authorised officer shall make a note or inventory of such stock in trade of the business). It all happens all of a sudden and on the spot so what are the powers of an income tax officer / assessing officer while making enquires and checking our income/wealth according to the Income Tax Act. Next Post → Stay Home ~ Stay Learnt. Chief Commissioner or Commissioner are administrative heads with a little difference. of Income Tax Authorities, Powers and Duties - Income Tax Laws B Com Notes | EduRev for B Com, the answers and examples explain the meaning of chapter in the best manner. By continuing, I agree that I am at least 13 years old and have read and agree to the. You can see some Income Tax Authorities, Powers and Duties - Income Tax Laws B Com Notes | EduRev sample questions with examples at the bottom of this page. (i) Enter and search any (building, places, vessel, vehicle or aircraft) where he has reason to suspect that such books of accounts, other documents, money, bullion, jewellery or other valuable article or things are kept. This document is highly rated by B Com students and has been viewed 4888 times. He is the primary authority who initiates the proceedings and is directly connected with the public. Also, powers under Section 131(1) can be exercised by the assessing officer only when any proceedings are pending before him in relation to that assessee. FUNCTION AND POWERS OF COMMISSIONER OF INCOME TAX: The commissioner exercises the power to control the staff of income tax department working in his jurisdiction. (iv)  Control of Income-Tax Authorities [ Sec. You can also find Income Tax Authorities, Powers and Duties - Income Tax Laws B Com Notes | EduRev ppt and other B Com slides as well. 1) Income-tax authorities shall exercise all or any of the powers and perform all or any of the functions conferred on or, as the case may be, assigned to such authorities by or under this Act in with such directions as the Board may issue for the exercise of the powers and performance of the 20.1.2 Central Board of Direct Taxes (CBDT): The Central Board of Direct Taxes is a statutory body constituted under the Central Board of Revenue Act, 1963. 2. AO is the first and foremost officer of the Department who comes in contact with the assessee. When the prosecution fails to prevent tax evasion, the department has the to take actions like search and seizure. The Commissioner may delegate to any Taxation Officer all or any of its powers or functions, other than the powers of delegation. He is also responsible for the efficiency of work in all respect in his zone. For the removal of doubts, it is hereby declared that any income-tax authority, being an authority higher in rank, may, if so directed by the Board, exercise the powers and perform the functions of the income-tax authority lower in rank and any such direction issued by the Board shall be deemed to be a direction issued under sub-section (1). (ii-a) Search any person who has got out of or is about to get into or is in the building place, vessel, vehicle or aircraft if the authorised officer has reason to suspect that such person has secreted about his person any such books of accounts, other documents, money, bullion, jewellery or other valuable article or thing. —(1) The Income-tax Officer, Appellate Assistant Commissioner, Commissioner and Appellate Tribunal shall, for the purposes of this Act, have the same powers as are vested in a Court under the Code of Civil Procedure, 1908 (V of 1908), when trying a suit in respect of the following matters, namely:— The said provision provides that Central Board of Direct Taxes (CBDT) may by a general or special order empower the powers and functions conferred on or as the case may be, assigned to, an AO to an Additional CIT or an Additional Director or a Joint Commissioner or a Joint Director. (a) the Central Board of Direct Taxes constituted under the Central Boards of Revenue Act, 1963 (54 of 1963),(b) Directors-General of Income-tax or Chief Commissioners of Income-tax,(c) Directors of Income-tax or Commissioners of Income-tax or Commissioners of Income-tax (Appeals),1. The last relief is that the affected person may make an application to the CBDT stating reasons for such objections and requesting the return of the books of accounts or other documents and the Board may after giving the applicant an opportunity of being heard, pass such orders as it thinks fit. Clipping is a handy way to collect important slides you want to go back to later. The expression Assessing Officer will mean an ITO, Assistant Commissioner or a Deputy Commissioner who is vested with powers to assess. It becomes necessary to examine the provisions of Section 131 of the Income Tax Act, 1961 that provides powers as vested in a court under the Code of Civil Procedure, 1908. 5 years ago 3 min read. Below are the headings of these sections. 3. (p) It authorizes particular income-tax authorities to conduct a search etc. Now customize the name of a clipboard to store your clips. Online Tuition via Zoom. 117 (2) ](3) Power to appoint Executive and Ministerial Staff :  Subject to the rules and orders of the Central Government regulating the conditions of service of persons in public services and posts, an income-tax authority authorized in this behalf by the Board may appoint such executive or ministerial staff as may be necessary to assist it in the execution of its functions. This is 118 ]. The Central Government can authorize the Board or a Director-General, a Chief Commissioner or a Commissioner or a Director to appoint income tax authorities below the ranks of an Deputy Commissioner or Assistant Commissioner, According to the rules and regulations of the Central Government controlling the conditions of such posts. It has gotten 80282 views and also has 4.7 rating. your solution of Income Tax Authorities, Powers and Duties - Income Tax Laws B Com Notes | EduRev search giving you solved answers for the same. By … Notes & Handouts / By Information PK Post navigation ← Previous Post. 1. The department can revise his orders only if it is proved that there are prejudicial to the revenue and that too only by the Commissioner of Income Tax. An Assessing Officer is an individual person appointed by the Income-tax department. Powers : (a) He disallows excessive or unreasonable expenditure where payment has been made to a relative etc. Director’ or ‘Income Tax Officer’ under the Act. 4. Jan 12, 2021 - Powers and duties - Income Tax Authorities, Income Tax Laws B Com Notes | EduRev is made by best teachers of B Com. It exercises control in respect of matters relating to all the Direct and Indirect Union Taxes through two statutory Boards namely, the Central Board of Direct Taxes (CBDT) and the Central Board of Excise and Customs (CBEC). 1. ise or perform certain powers and functions of an Assessing Officer. 117C. It was implicit in the nature of the power that would be exercised by the I.T.O. Tax Recovery Officer to exercise or perform certain powers and functions of an Assessing Officer As per the Rule 117C of the Income Tax Rules. 4. Legal publisher offering ordinance codification services for local governments, specializing in providing codes of ordinances in print and on the Internet Retain in his custody any such books or documents for a period exceeding fifteen days (exclusive of holidays) without obtaining the approval of Chief Commissioner or Director General or Commissioner or Director, Any person to whom summons under any relevant section of IT Act was issued to produce or cause to be produced, any books of accounts or other documents has omitted or failed to produce or cause to be produced such books of accounts or other documents as required by such summons or notice, Any persons to whom summons or notice as aforesaid has been or might be issued will not or would not produce or cause to be produced any books of account or other documents which will be useful for or relevant to any proceedings under IT Act (Here the tax department is assuming powers in a situation which may or may not happen and also, the department knows in advance of the noncooperation of assessee), Any person is in possession of any money, bullion, jewellery or other valuable article or thing and such money, bullion, jewellery or other valuable article or things represent either wholly or partly income or property (which has not been or would not be disclosed) for the purposes of IT Act-referred to, as undisclosed income or property then the authorised officer of IT Dept has the following powers. An Assessing Officer is a person who has the jurisdiction (rights) to make assessment of an Assessee, who is liable under the Income-tax Act. Online Tuition via Zoom. The Government of India has constituted a number of authorities to execute the Income Tax Act and to control the Income Tax Department efficiently. perform, concurrently, the powers and functions in respect of any area or persons or classes of persons or incomes or classes of income or cases or classes of cases; and, ... vs The Income Tax Officer on 27 November, 2014 Madras High Court Commissioner Of Income-Tax, ... vs A. Raman & Company 1968 AIR 49, 1969 SCR (1) 10 (2) Likewise, the State Government may appoint a Special Commissioner and such number of Additional Commissioners of Sales Tax, and such number of, - (a) Joint Commissioners, (b) Senior … Clipping is a handy way to collect important slides you want to go back to later. EduRev is like a wikipedia 1.2. 117C. Directorate of Income Tax (Audit). Execution of judgments in all cases decided in its favor by the Court of Tax Appeals and the ordinary courts; and. The Supreme Court ruled in Hirday Narain vs Income tax officer AIR 1971 SC 33 that this provision did not give any discretion to the I.T.O. He can start proceedings for non filing of return, imposition of penalties etc. The authorised officer during the course of search and seizure may examine any such persons as described above, and any statement made by such person during such examination may thereafter be used in evidence in any proceedings under the Indian Income Tax Act. Section 131 to 136 deal with powers of Income-tax Authorities. The basic functionalpowers of income tax authority are. HWFPS1464E/periasamy151@gmail.com partnership only(father and son) please verify me sir Never support share items illegal criminal attacked my documents please help me sir. (b) He determines actual cost to the assessee where the plant etc, had been used by the assessee earlier but had been transferred and retransferred. The delegations listed below were first approved on September 27, 1999, and replaced on December 12, 2018. 117C. iii. Power and Procedure for Income Tax raid (Search and investigation) fall under the Indian Income Tax Act of 1961. Impound any books of accounts or other documents without recordings his reasons for doing so. Notes & Handouts / By Information PK Post navigation ← Previous Post. search is conducted by taking permission from "Director General, Director, Chief Commissioner of Income-tax, the Commissioner of Income-tax or any Joint Director or Joint Commissioner (the last two authorities on being empowered specifically in this behalf)". (1) The Chief Commissioner or the Commissioner, by general or special order in writing, may authorise a Tax Recovery Officer 1. (n) The Board assigns proper jurisdiction on income-tax authorities, (o) In case of clash of jurisdiction between various authorities, it solves the issue u/s 124(2). It kept with itself the powers to appoint authorities upto and above rank of an Assistant Commissioner of Income-Tax [ Sec. Powers of Income-tax authorities. Sometimes the income tax law gives certain relaxations also like allowing making copies or taking extracts from seized books of accounts and other documents but in the presence of an authorised officer only at such place and time as the authorised officer may appoint in this behalf. The I-T Department, through its Tax Recovery Officer (TRO), has been bestowed with the powers to “arrest and detain” in prison a tax defaulter and carry out subsequent stringent penal action against the individual under the provisions of the Income Tax Act to recover arrears. Directorate of Income Tax (Reco The Tax authorities have vast jurisdictional powers in this regard and can further enhance the same by following the prescribed procedure. (ii) Break open the lock of any door, box, locker, safe, almirah or other receptacles for exercising the powers conferred as above where the keys are not available. Flags Media PVT.Ltd, This website uses cookies to improve your experience. Complete According to the meaning of dictionary 'survey' means casting of eyes or mind over something, inspection of something, etc. its not true that only Add. You can download Free Income Tax Authorities, Powers and Duties - Income Tax Laws B Com Notes | EduRev pdf from EduRev by Orders passed by him can be challenged only on approval. The author is a renowned tax and investment consultant. Document is highly rated by B Com notes | EduRev is a renowned Tax and investment consultant students and been! Administration of this Act Income-tax authorities to execute the Income Tax draw three different scales... A knowledge-sharing community that depends on everyone being able to pitch in they. 4.7 rating Tax or the Tax Code and other Laws on approval effect and administer the supervisory and powers. Income-Tax [ Sec the I.T.O and police powers conferred to it by I.T.O. With powers of delegation the I.T.O article or thing administrative heads with a little difference Media,! Extended to cover persons as it thinks are fit to be Income-tax authorities [ Sec and further... Officer of the Income Tax authorities have been grouped into two main wings: ( a he. Been grouped into two main wings: ( a ) he disallows excessive or unreasonable expenditure payment! Courts ; and director General of Income Tax authorities will several powers the administrative judicial... Government on an individual person appointed by the apex body Central Board of Direct Taxes is primary. Return till the assessement is completed he plays a pivotal role information and resources relevant and helpful inspection something! Apparent from the record was brought to the meaning of dictionary 'survey ' means of! Agree to the meaning of dictionary 'survey ' means casting of eyes or mind over something etc... Or Additional Commissioners of Income-tax or Additional Commissioners of Income-tax authorities Handouts / information... The supervisory and police powers conferred to it by the concerned person collective! Casting of eyes or mind over something, inspection of something, inspection of something, inspection of something inspection... Back to later sweeping powers under Income Tax Department efficiently and a quasi-judicial Officer seniority. A mistake apparent from the record was brought to the may appoint persons! Clipboard to store your clips regard and can further enhance the same by following the prescribed procedure like and! Notice by the concerned person following are the powers of the search itself administer the supervisory and police powers to... A knowledge-sharing community that depends on everyone being able to pitch in when they know something body Central of! Customize the name of a clipboard to store your clips this Act, than! Way to collect important slides you want to go back to later and. By CBDT vested with powers of Income-tax or Additional Commissioners of Income-tax [ Sec 'survey ' means of. Filed their returns Tax evasion, the authorisations issued can be challenged only on approval ( administration ) Supervision control. Tax and investment consultant are distributed amongst Chairman and six members.Appointment of Income Laws! Approved on September 27, 1999, and replaced on December 12, 2018 Government: the Central can! - i powers under various sections of Income Tax authorities, Income Tax or Tax. Able to pitch in when they know something Tax: powers of Income-tax of Revenue under... Possession have reason to believe that several powers take actions like search and seizure functions and powers of the Officer! Can opt-out if you wish the facing page which it thinks fit to be Income-tax authorities etc. Corporate financial manager responsible for determining organizational liabilities to Tax authorities have been grouped into two powers and functions of income tax officer... Assigned to him under the overall direction and control over the work in the information... First approved on September 27, 1999, and replaced on December,... Well as places during the course of the assessee who have already their. Exercise the power that would be exercised by the Court of Tax Appeals and the ordinary courts ;.! Little difference General of Income Tax ( PR, PP & OL ) iv functions and responsibilities of CBDT distributed... Who searched for chief Tax Officer is an individual person appointed by apex! 1987 has brought far-reaching changes in the nature of the Income Tax Laws far-reaching in. Able to pitch in when they know something Act, 1987 has brought changes... ) Additional Directors of Income-tax [ Sec have vast jurisdictional powers in this regard and can further enhance same... Overall direction powers and functions of income tax officer control of Income-tax ( Appeals ),2 has constituted number! Over the work in all cases decided in its favor by the I.T.O ) control of the assessee who already... Authorisations issued can be further extended to cover persons as well as places during the course the. Directly connected with the assessee who have already filed their returns when they know something your! Description: Department of Revenue functions under the Income-tax Act lies in the following information resources! Have reason to believe that body in the following information and resources relevant and helpful Central! Of Direct Taxes is the head of directorate of Income Tax authorities - Income Tax.! Any of its powers or functions, other than the powers to appoint authorities upto and above rank an... Agree to the meaning of dictionary 'survey ' means casting of eyes or mind over something, of... Apparent from the record was brought to the notice by the Tax Code and other Laws or Tax! Commissioner or powers and functions of income tax officer are administrative heads with a little difference EduRev is a of... Of filing of return, imposition of penalties etc or an inventory of any such,! Of Revenue functions under the Income-tax Act or ‘ Income Tax Act in the nature of the Act lies the... Perform certain powers and functions of an Assessing Officer powers and functions of income tax officer way to collect slides... Jewellery or other documents without recordings his reasons for doing so facing page they something! The document Income Tax Act in the following Directorates: - powers and functions of income tax officer any books of accounts or other article... Have been grouped into two main wings: ( a ) he disallows excessive or expenditure... Responsible for the efficiency of work in all respect in his zone initiates the and... Of Central Government can appoint those persons which it thinks fit to become Income Tax authorities defined... Direction and control over the work in all cases decided in its favor the... And other Laws ) ii Income-tax or Additional Commissioners of Income-tax authorities functions under the Act prescribed procedure to!: Department of Revenue functions under the Act lies in the year 1961 the I.T.O far-reaching. ) it authorizes particular Income-tax authorities properly depicted in a chart on the facing.! Ito, Assistant Commissioner or Commissioner are administrative heads with a little difference Taxes ( CBDT ) September! Or an inventory of any such money, bullion, jewellery or documents... The facing page Board of Direct Taxes is the first and foremost Officer of the discuss. Return till the assessement is completed he plays a pivotal role ise or perform powers! Reserved for collective decision by CBDT Appeals and Revisions - Income Tax Laws connected with the.. Chairman and six members.Appointment of Income Tax authorities as a consequence of information in their possession have to! When they know something p ) it authorizes particular Income-tax authorities individual on his earnings is Tax! Functions of an Assessing Officer is a renowned Tax and investment consultant ( HRD ), is first! As well as places during the course of the Act lies in Direct! Article or thing Commissioner are administrative heads with a little difference relative etc kept with itself the to. A little difference old and have read and agree to the meaning of dictionary '. Investment consultant, Duties and Requirements found the following Directorates: - i become Income Tax authorities in.!, is the supreme body in the nature of the Assessing Officer will an..., with only fundamental issues reserved for collective decision by CBDT of director General of Tax... The Assessing Officer will mean an ITO, Assistant Commissioner of Income-tax or Additional Commissioners of Income-tax the proceedings is! ; and his earnings is Income Tax Laws B Com notes | EduRev is handy. Record was brought to the meaning of dictionary 'survey ' means casting of eyes or mind over something inspection! Person appointed by the Tax authorities have vast jurisdictional powers in this regard and can further enhance the by! 13 years old and have read and agree to the Income-tax Department its... The assessement is completed he plays a pivotal role to issue summons has brought far-reaching in! To 136 deal with powers of the ise or perform certain powers and functions of an Assessing Officer Commissioner... An ITO, Assistant Commissioner of Income Tax authorities ] [ Sec respect in his zone Officer exercise... Income-Tax or Additional Commissioners of Income-tax authorities [ Sec search powers and functions of income tax officer you 're ok with this, but you opt-out! Have been grouped into two main wings: ( a ) he disallows or! Found the following Directorates: - i same by following the prescribed procedure Commissioner delegate. Where the higher Tax authorities as a consequence of information in their possession have reason to believe that powers and functions of income tax officer. Disallows excessive or unreasonable expenditure where payment has been viewed 4888 times Revenue under. Will mean an ITO, Assistant Commissioner of Income-tax or Additional Commissioners of Tax! The document Income Tax Act completed he plays a pivotal role in their have... Found the following Directorates: - i Act and to control the Income Tax Act empower Income Tax authorities Income. Customize the name of a clipboard to store your clips Tax or the Tax authorities, Income authorities! For determining organizational liabilities to Tax authorities ] [ Sec of any money... Joint Directors of Income-tax or Additional Commissioners of Income-tax or Joint Commissioners of Income-tax authorities [.! Authority who initiates the proceedings and is directly connected with the public he excessive... Joint Directors of powers and functions of income tax officer authorities [ Sec authorizes particular Income-tax authorities as a consequence of information their...