SECTION 120(1) AND (2) OF THE INCOME-TAX ACT, 1961 -INCOME-TAX AUTHORITIES - JURISDICTION OF - NOTIFIED ASSESSING OFFICER FOR PURPOSES OF COMMODITIES TRANSACTION TAX UNDER CHAPTER VII OF FINANCE ACT, 2013

NOTIFICATION NO.72/2013[F.NO.187/12/2013-(ITA.I)] / SO 2809(E), DATED 18-9-2013

In exercise of the powers conferred by sub-section (2) of section 116 and section 128 of the Finance Act, 2013 (17 of 2013) read with sub-sections (1) and (2) of section 120 of the Income-tax Act, 1961, (43 of 1961) the Central Board of Direct Taxes hereby authorises the Assessing Officer having jurisdiction in respect of the assessee for the purposes of the Income-tax Act, 1961, to exercise or perform all or any of the powers and functions conferred on, or, assigned to an Assessing Officer for the purpose of Chapter VII of Finance Act, 2013.

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