NOTIFICATION NO. 166/2005, DATED 22-6-2005
S.O. 876 (E). – In exercise of the powers conferred by sub-section (2) of section 97 and section 109 of the Finance (No.2) Act, 2004 (No.23 of 2004) read with subsections (1) and (2) of section 120 of the Income-tax Act, 1961, the Central Board of Direct Taxes hereby authorises the Income-tax authorities as specified below, to exercise or perform all or any of the powers and functions conferred on, or, as the case may be, assigned to an Assessing Officer for the purpose of Chapter VII of Finance (No.2) Act, 2004 relating to Securities Transaction Tax –
(i) for assessees, as mentioned in sub-section (1) of section 101 of Chapter VII of the Finance (No. 2) Act 2004, having principal place of business or registered office within the territorial areas falling within the municipal limits of Greater Mumbai in the State of Maharashtra, the Assessing Officer shall be the Joint or Additional Commissioner of Income-tax, Range 7(1), Mumbai.
(ii) for assessees other than those mentioned at (i) above, the Assessing Officer for the purposes of Chapter VII of Finance (No. 2) Act 2004, shall be the same who is having jurisdiction in respect of the assessee for the purposes of the Income-tax Act 1961.