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Application of seized or requisitioned assets

The amount of any outstanding debt owed under this Act, the amount determined upon completion of the assessment made pursuant to section 153A, the amount determined upon completion of the assessment made pursuant to section 153B, or the amount determined upon completion of the assessment made pursuant to section 153C, as applicable (including any penalty imposed or interest payable in connection with such assessment), and the amount for which such person is liable.

Powers to requisition books of account, etc.

You are at apt place for knowing about 80g.

When the Director General, Director, Chief Commissioner, or Commissioner, based on the facts in his command, has reason to think that:-

Commissioner competent to perform any function

When the Director-General or Director, the Chief Commissioner or Commissioner, or any Joint Director or Joint Commissioner who may be given the go-ahead in this regard by the Board, has cause to think that:-

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 shall be granted the same powers as are entrusted in a court under the Code of Civil Procedure 1908 (5 of 1908), when attempting a suit in respect of the following matters, namely:-

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 (whether with or without concurrent jurisdiction) also under him, after giving the assessee a sensible opportunity to be heard in the matter, wherever possible, and after documenting his reasons for doing so.

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 or any of the operations conferred on, or, as the case may be, classified to such authorities by or under this Act. Information about 

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 specify.

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 execution of this Act, shall observe and comply with such orders, instructions, and guidance of the Board.

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 the income return for that prior year, the option for a tonnage tax scheme by that company will not take effect in relation to a prior year.

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