Notification No     :     50
Section(s) Referred    :     s. 118
Date of Issue        :     12/3/2003
Notification No. 50 of 2003, dt. 12th March, 2003
In exercise of the powers conferred by section 118 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby directs that :
(a) the Transfer Pricing Officer referred to in the Explanation to section 92CA of the said Act, as specified in column
(4), of the Table below shall be subordinate to the Director of Income-tax specified in column (3) of the Table;
(b) the Director of Income-tax, as specified in column (3), shall be subordinate to the Director General of Income-tax specified in column (2) of the aforesaid. Table.

                                             TABLE
————————————————————————————
S.    Chief Commissioner/   Commissioner/Director      Tansfer Pricing Officer
No.   Director General of       of Income-tax
         Income-tax
————————————————————————————
(1)          (2)                     (3)                          (4)
————————————————————————————
1     Director             Director of Income-tax     (i) Joint Commissioner of
      General of           (Transfer Pricing), Delhi.  Income-tax (Transfer
      Income-tax                                       Pricing Officer-I), Delhi.
      (International                                   (ii) Joint Commissioner of
      Taxation)                                        Income-tax (Transfer
                                                       Pricing Officer-II), Delhi.

2                          Director of Income-tax      (i) Joint Commissioner of
                           (Transfer Pricing),         Income-tax (Transfer
                           Mumbai.                     Pricing Officer-I), Mumbai.
                                                       (ii) Joint Commissioner of
                                                       Income-tax (Transfer
                                                       Pricing Officer-II),
                                                       Mumbai.

3                          Director of Income-tax      (i). Joint Commissioner of
                           (Transfer Pricing),         Income-tax (Transfer
                           Bangalore.                  Pricing Officer-I),
                                                       Bangalore.
                                                       (ii) Joint Commissioner of
                                                       Income-tax (Transfer
                                                       Pricing Officer-II),
                                                       Bangalore.

4                          Director of Income-tax      (i). Joint Commissioner of
                           (Transfer Pricing),         Income-tax (Transfer
                           Kolkata.                    Pricing Officer-I), Kolkata.
                                                       (ii) Joint Commissioner of
                                                       Income-tax (Transfer
                                                       Pricing Officer-II), Kolkata.

5                          Director of Income-tax      (i) Joint Commissioner of
                           (Transfer Pricing),         Income-tax (Transfer
                           Chennai.                    Pricing Officer-I), Chennai.
                                                       (ii) Joint Commissioner of
                                                       Income-tax (Transfer
                                                       Pricing Officer-II),
                                                       Chennai.
————————————————————————————
This Notification shall come into force with effect from the date of publication in the Official Gazette.
[F. No. 500/18/2002-FTD]
  

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