Section 11: Jurisdiction of Assessing Officers and power to transfer cases
The Wealth-Tax Act, 1957Central Act · Act 27 of 1957
[Jurisdiction of Assessing Officers and power to transfer cases.
(1) The provisions of sections 124 and 127 of the Income-tax Act shall, so far as may be, apply for the purposes of this Act as they apply for the purposes of the Income-tax Act, subject to the modifications specified in sub-section (2).
(2) The modifications referred to in sub-section (1) shall be the following, namely :—
(a) in section 124 of the Income-tax Act,—
(i) in sub-section (3), references to the provisions of the Income-tax Act shall be construed as references to the corresponding provisions of the Wealth-tax Act ;
(ii) sub-section (5) shall be omitted ;
(b) in section 127 of the Income-tax Act, in the Explanation below sub-section [(4)], references to proceedings under the Income-tax Act shall be construed as including references to proceedings under the Wealth-tax Act.]
Jurisdiction of Assessing Officers and power to transfer cases
Jurisdiction
Central
Status
In force as published by the source
How this provision has been amended
Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.
substituted. Substituted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988. Prior to its substitution, section 11, as amended by the Finance (No. 2) Act, 1967, w.e.f. 1-4-1967, stood as under : "11. Inspecting Assistant Commissioner of Wealth-tax. —The Commissioner of Wealth-tax may empower as many persons as he thinks fit to exercise under this Act the functions of an Inspecting Assistant Commiss…
substituted. Substituted for "(5)" by the Direct Tax Laws (Amendment) Act, 1989, with retrospective effect from 1-4-1988.
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