CMA Final · Direct Tax Laws and International Taxation · CBDT and Other Authorities
While issuing directions or orders regarding the exercise of powers by income-tax authorities, the Board may have regard to certain criteria. Which one of the following is NOT among the criteria listed in section 241(4)?
The residential status of the authority's officers is not a criterion. Section 241(4) permits regard to territorial area, persons or classes of persons, incomes or classes of income, and cases or classes of cases when the Board or an authorised authority issues directions or orders.
- 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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