Notes & Handouts / By Information PK Post navigation ← Previous Post. Born on 27 June, 1958 in Narnaul, Haryana joined Income-tax Department in the year 1983 and retired as Income Tax Officer on 30.06.2018. These authorities have been grouped into two main wings : (i) Administrative [ Income Tax Authorities ][ Sec. We all have a fear of income tax officers either sending us a notice of enquiry or visiting our home or office premises to make enquires and check our income and wealth. 116 ]. According to the appellant/assessee, it is incumbent under the scheme of statute to vest the Additional CIT u/s 120(4)(6) of the Act to exercise or perform all or any of the powers and functions of Assessing Officer under the Act. The author is a renowned tax and investment consultant. An Assessing Officer is an individual person appointed by the Income-tax department. It has gotten 80282 views and also has 4.7 rating. To assess the correct income of the assessee who have already filed their returns. Retain in his custody any such books or documents for a period exceeding fifteen days (exclusive of holidays) without obtaining the approval of Chief Commissioner or Director General or Commissioner or Director, Any person to whom summons under any relevant section of IT Act was issued to produce or cause to be produced, any books of accounts or other documents has omitted or failed to produce or cause to be produced such books of accounts or other documents as required by such summons or notice, Any persons to whom summons or notice as aforesaid has been or might be issued will not or would not produce or cause to be produced any books of account or other documents which will be useful for or relevant to any proceedings under IT Act (Here the tax department is assuming powers in a situation which may or may not happen and also, the department knows in advance of the noncooperation of assessee), Any person is in possession of any money, bullion, jewellery or other valuable article or thing and such money, bullion, jewellery or other valuable article or things represent either wholly or partly income or property (which has not been or would not be disclosed) for the purposes of IT Act-referred to, as undisclosed income or property then the authorised officer of IT Dept has the following powers. The change in designation of certain authorities and creation of certain new posts in the structure are the main features of amendments made by The Direct Tax Laws Act, 1987. Thus the Chief Commissioners of Income Tax draw three different pay scales based on their seniority. [ Sec. It kept with itself the powers to appoint authorities upto and above rank of an Assistant Commissioner of Income-Tax [ Sec. ise or perform certain powers and functions of an Assessing Officer. Following are the important functions and powers of commissioner of income tax. Now customize the name of a clipboard to store your clips. The Central Government can appoint those persons which it thinks are fit to become Income Tax Authorities. You just clipped your first slide! Prospective students who searched for Chief Tax Officer: Job Description, Duties and Requirements found the following information and resources relevant and helpful. 2. Form the time of filing of return till the assessement is completed he plays a pivotal role . Give effect and administer the supervisory and police powers conferred to it by the Tax Code and other laws. The basic functionalpowers of income tax authority are. Execution of judgments in all cases decided in its favor by the Court of Tax Appeals and the ordinary courts; and. The officer has the power to call for information from any person either with regard to his own matters or in case of a third person, with whom the person has any dealings, which are covered under various sections of the Income Tax Act. Directorate of Income Tax (Inspection & Examination) ii. Income Tax Department is headed by the apex body Central Board of Direct Taxes (CBDT). Also, powers under Section 131(1) can be exercised by the assessing officer only when any proceedings are pending before him in relation to that assessee. (Sec. Tests & Videos, you can search for the same too. 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