CBDT redefines income-tax authority for purpose of section 133C

The Central Board of Direct Taxes (CBDT) has substituted Rule 12D of the Income-tax Rules, 1962 which defines the prescribed income-tax authority under section 133C. The new rule provides that the prescribed income-tax authority under section 133C shall be an income-tax authority not below the rank of Assistant Commissioner of Income-tax. Earlier, the authority was Principal Director General or Director General or Principal Director or Director, as the case may be.

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