In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules, further to amend the Income-tax Rules, 1962, namely:
1. (1) These rules may be called the Income-tax (Eleventh Amendment) Rules, 2007.
(2) They shall come into force from the date of their publication in the Official Gazette.
“117C. Tax Recovery Officer to exercise or perform certain powers and functions of an Assessing Officer.– (1) The Chief Commissioner or the Commissioner, by general or special order in writing, may authorise a Tax Recovery Officer to exercise or perform the powers and functions conferred on or assigned to an Assessing Officer under section 154 for rectifying any mistake apparent from record in respect of an order passed by the Assessing Officer consequent to which a sum is payable and the Tax Recovery Officer has drawn a Certificate under section 222 in respect of such sum.
