CMA Final · Direct Tax Laws and International Taxation · Different Aspects of Tax Planning
Which of the following is a criterion that the Board or an authorised authority may have regard to while issuing jurisdiction directions under section 241(4) of the Income-tax Act, 2025?
The criteria listed include territorial area, persons or classes of persons, incomes or classes of income, and cases or classes of cases. Hence persons or classes of persons is the valid criterion, while the other options are not mentioned in the provision.
- AThe residential status of the Assessing Officer
- BPersons or classes of personsCorrect
- CThe turnover of the department's office
- DThe date on which the Board was constituted
Explanation
Section 241(4) lists territorial area, persons or classes of persons, incomes or classes of income, and cases or classes of cases. The other options are not listed criteria.
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