Wealth-Tax Act, 1957

35. Prior to its omission, section 8AA, as inserted by the Taxation Laws (Amendment) Act, 1975, w.e.f. 1-10-1975 and later on amended by the Finance (No. 2) Act, 1977, w.e.f. 10-7-1978, stood as under :

"8AA. Concurrent jurisdiction of Inspecting Assistant Commissioner and Wealth-tax Officer. -(1) The Commissioner may, by general or special order in writing, direct that all or any of the powers or functions conferred on or assigned to the Wealth-tax Officer or Wealth-tax Officers by or under this Act in respect of any area, or cases or classes of cases, or persons or classes of persons shall be exercised or performed concurrently by the Inspecting Assistant Commissioner.

(2) Where under sub-section (1), an Inspecting Assistant Commissioner exercises concurrent jurisdiction with one or more Wealth-tax Officers in respect of any area, cases or classes of cases, or persons or classes of persons, the Wealth-tax Officer or Wealth-tax Officers shall exercise the powers and perform the functions under this Act in relation thereto as the Inspecting Assistant Commissioner may direct.

(3) Without prejudice to the generality of the provisions contained in sub-section (2) of section 13, every Wealth-tax Officer shall also observe and follow such instructions as may be issued to him for his guidance by the Inspecting Assistant Commissioner within whose jurisdiction he performs his functions in relation to any particular proceeding or the initiation .... To read the full section download the app from Google Play store