Power regarding discovery, production of evidence, etc.
For the objectives of this Act, the Evaluating Officer, Deputy Commissioner (Appeals), Deputy Commissioner or Commissioner (appeals), and Chief Commissioner or Commissioner sha...
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Power to transfer cases
The Director General, Chief Commissioner, or Commissioner may transmit any case from one or more Evaluating Officers under him (whether with or without legislative authority) to any other Assessing Officer or Assessing Officers (whethe...
Board's authority over a certain region, group of people or level of income
For the purposes of any matter, person, or action brought pursuant to this Act with respect to or involving any person to whom an order under a subsection applies:-...
Jurisdiction of income-tax authorities
According to the instructions that the Board may issue for the exercise of the powers and performance of the functions by all or any of those authorities, income-tax authorities shall practise all or any of the powers and conduct all o...
Jurisdiction of income-tax officers
Income-tax officers are required to carry out their duties with regard to the regions, individuals, incomes, income streams, cases, and case types that the Commissioner may spe...
Instructions to subordinant authorities
In order to ensure the proper administration of this Act, the Board may from time to time issue orders, instructions, and directions to other gift-tax authorities. These authorities, as well as all other individuals involved in the exe...
Maintenance and audit of accounts
Unless a tonnage tax company keeps separate books of account for the business of operating qualifying ships and provides the report of an accountant in the prescribed form, duly signed and verified by the said accountant, along with th...
Exclusion from tonnage tax scheme
To tax profits from shipping activities by an Indian company, the government has established the Tonnage Tax System. For eligible Indian shipping companies, this tax system is ...
Transfer of profits to tonnage tax reserve account
Subject to and in accordance with the requirements of this section, a tonnage tax company shall be required to credit to a reserve account (hereinafter referred to as the Tonnage Tax Reserve Account in this section) an amount equal to ...
Prohibition to opt for tonnage tax scheme in certain cases
An eligible company that, on its own, chooses out of the tonnage tax scheme, fails to comply with the provisions of sections 115VT, 115VU, or 115VV, or whose option has been ex...