Notification No. : 160
Section(s) Referred : s. 120(1) ,s. 120(2)
Date of Issue : 30/6/2003
Notification No. 160 of 2003, dt 30th June, 2003.
In exercise of the powers conferred by sub-sections (1) and (2) of section 120 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby directs that the Chief Commissioners of Income-tax, specified under column (2) of the Schedule-II (as so inserted by this notification) annexed to the notification No. S.O. 733(E) dated the 31st July, 2001 having headquarters at the places specified in the corresponding entries under column (3) of the said Schedule, shall exercise the powers and perform the functions during period beginning on or after the 1st July, 2003, in respect of matters of permanent account number of the persons assessable by the Income-tax authorities specified in the corresponding entries under column (4) of Schedule II and makes the following amendments in the notification of the Government of India, in the Ministry of Finance, Department of Revenue, (Central Board of Direct Taxes), No. S.O. 733(E) dated the 31st July, 2001, namely:
2. In the said notification,-
(a) for the words “the Schedule”, the words and figure “the Schedule I” shall be substituted;
(b) for the words ‘the said Schedule’ the words and figure “the said Schedule I” shall be substituted;
(c) after the words and figures “this notification shall come into force with effect from 1st August, 2001”, the following provisos shall be inserted, namely :
“Provided that the Chief Commissioners of Income-tax, specified under column (2) of the Schedule II hereto annexed, having their headquarters at places specified in the corresponding entries under column (3) of that Schedule, shall exercise the powers and perform the functions during the period beginning on or after the 1st July, 2003, in respect of matters of permanent account number of the persons assessable by the Income-tax authorities specified in the corresponding entries under column (4) of Schedule II :
Provided further that the Chief Commissioners of Income-tax, referred to under column (2) of the Schedule II may authorise any Commissioner of Income-tax to exercise the powers and perform the functions during the period beginning on or after the 1st July, 2003, in respect of matters of permanent account number of the persons assessable by the Income-tax authorities specified under column (4) in respect of which the Chief Commissioners of Income-tax specified in the corresponding entries under column (2) of the said Schedule having jurisdiction vested in them;
Provided also that the Commissioner of Income-tax, referred to in the second proviso may authorise any Joint Commissioner of Income-tax to exercise the powers and perform the functions during, the period beginning on or after the 1st July, 2003, in respect of matters of permanent account number of the persons assessable by the Income-tax authorities specified under column (4) of Schedule II in respect of which the Chief Commissioners of Income-tax specified in the corresponding entries in column (2) of the said Schedule having jurisdiction vested in them;
Provided also that the Joint Commissioner of Income-tax, referred to in third proviso, may authorise any Assessing Officer, who is subordinate to him, to exercise the powers and perform the functions during the period beginning on or after the 1st July, 2003 in respect of matters of permanent account number of the persons assessable by the Income-tax authorities specified under column (4) of Schedule II in respect of which the Chief Commissioners of Income-tax specified in the corresponding entries in column (2) of the said Schedule having jurisdiction vested in them.”;
(d) after Schedule I, the following Schedule shall be inserted, namely :
