CMA Final · Direct Tax Laws and International Taxation · CBDT and Other Authorities
Which of the following is NOT one of the criteria that the Board may have regard to when issuing directions or orders on the exercise of powers by income-tax authorities under the Income-tax Act, 2025?
The criteria are territorial area, persons or classes of persons, incomes or classes of income, and cases or classes of cases. The residential status of an authority's officers is not a criterion under the Act, so that option is the one not permitted.
- ATerritorial area
- BPersons or classes of persons
- CIncomes or classes of income
- DResidential status of the authority's officersCorrect
Explanation
Section 241(4) lists territorial area, persons or classes of persons, incomes or classes of income, and cases or classes of cases. The residential status of officers is not a criterion.
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