Section 120 of ITA, 1961 : Section 120: Jurisdiction Of Income-Tax Authorities

Explanation using Example

Imagine a small business owner, Mr. Sharma, who operates a chain of cafes in Mumbai. The Income Tax Department, under the Income-tax Act, 1961, needs to conduct an audit of his business for the previous financial year. The Board (Central Board of Direct Taxes) issues a direction that due to the complexity and volume of cases in Mumbai, a higher-ranking Income-tax authority, such as a Joint Commissioner, will directly oversee the audit of ...

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