10 points of the power of Central board of directors taxes
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Allocation of work:Cases or classes of cases, which shall be considered jointly by the Board.Policy regarding discharge of statutory functions of the Board and of the Union Govt. under the various laws relating to direct taxes.General Policy relating to: -(a) Organisation of the set-up and structure of Income-tax Department.(b) Methods and procedures of work of the Board.(c) Measures for disposal of assessments, collection of taxes, prevention and detection of tax evasion and tax avoidance.(d) Recruitment, training and all other matters relating to service conditions and career prospects of the personnel of the Income-tax Department.Laying down of targets and fixing of priorities for disposal of assessments and collection of taxes and other related matters.Write off of tax demands exceeding Rs.25 lakhs in each case.Policy regarding grant of rewards and appreciation certificates.Any other matter which the Chairman or any Member of the Board, with the approval of the Chairman, may refer for joint consideration of the Board.Cases or classes of cases which shall be considered by Chairman, Central Board of Direct TaxesAdministrative planning.Transfers and postings of officers in the cadre of Chief Commissioner of Income-Tax and Commissioner of Income-tax.Work relating to Grievance Cell and Inspection Division.Matters dealt with in the Foreign Tax Division except matters under Section 80-O of the Income-tax Act, 1961.All matters relating to tax planning and legislation relating to direct taxes referred to Chairman by Member (Legislation).Supervision and control over DGIT(Intl. Taxation), DGIT(Logistics) with DIT(BPR), DIT(Exp. Budget), DIT(Infra-I&II) and DIT(O&MS).All matters relating to Central and Regional Direct Taxes Advisory Committees and Consultative Committee of the Parliament.Any other matter which the Chairman or any other Member of the Board may consider necessary to be referred to the Chairman.Coordination and overall supervision of Board's work.Cases or classes of cases, which shall be considered by Member (Income-tax)All matters relating to Income-tax Act, Super Profit-tax Act, Companies Profit (Sur-tax) Act, and Hotel Receipts Tax Act, except matters which have been specifically allotted to the Chairman or to any other Member.All matters relating to Interest Tax Act, 1974, Compulsory Deposit Act, 1974.Approvals under Section 36(1)(viii) and (viii a) of the Income-tax Act, 1961.Supervision and Control over the work of DGIT (Exemptions) and work of DIT (IT) through DGIT(Admn.) except the work relating to examinations, which would be seen by Member (P & V).Cases or classes of cases which shall be considered by Member (Legislation & Computerisation)All work connected with the reports of various commissions and committees relating to Direct Taxes Administration.All matters of tax planning and legislation relating to direct taxes and the Benami Transaction (Prohibition) Act, 1988.Monitoring of tax avoidance devices suggesting legislative remedial action.Computerisation of Income tax Department.Supervision and control over the work of DGIT(Systems).Cases or classes of cases, which shall be considered by Member (Revenue)All matters relating to Revenue budget including assigning of Revenue Budgetary targets amongst Chief Commissioners of Income-tax throughout the country.Recovery of taxes (Chapter XVII of Income Tax), sections 179, 281, 281B, 289, Second Schedule and Third Schedule of the Income-tax Act, 1961.Matters relating to departmentalised accounting system.All matters concerning Wealth-tax Act, Expenditure-tax Act, Estate Duty Act and Benami Transaction (Prohibition) Act, excluding those relating to prevention and detection of tax avoidance.All matters falling under Chapter XIVA, XXA, XXC of the Income-tax Act, 1961.General coordination of the work in the Board.Work relating to DGIT(Admn.) with DIT (Recovery), DIT (PR,PP&OL) & DIT (TDS).Supervision and control over the work of Chief Engineers (Valuation Cell).All matters relating to widening of tax base.
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