CMA Final · Direct Tax Laws and International Taxation · CBDT and Other Authorities
Under section 241 of the Income-tax Act, 2025, which of the following is NOT listed as a criterion the Board may have regard to while issuing directions or orders on the exercise of powers by income-tax authorities?
The amount of tax paid in the preceding year is not a listed criterion. Section 241(4) allows the Board to have regard to territorial area, persons or classes of persons, incomes or classes of income, and cases or classes of cases when issuing directions.
- ATerritorial area
- BPersons or classes of persons
- CIncomes or classes of income
- DThe amount of tax paid in the preceding yearCorrect
Explanation
Section 241(4) lists four criteria: territorial area, persons or classes of persons, incomes or classes of income, and cases or classes of cases. The tax paid in the preceding year is not among them, so it is the only option not listed.
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