Clause 161 - Definitions - Finance Bill, 2016

Definitions 161. In this Chapter, unless the context otherwise requires,- (a) Appellate Tribunal means the Appellate Tribunal constituted under section 252 of the Incometax Act; (b) Assessing Officer means the Income-tax Officer or Assistant Commissioner of Income-tax or Deputy Commissioner of Income-tax or Joint Commissioner of Income-tax or Additional Commissioner of Income-tax who is authorised by the Board to exercise or perform all or any of the powers and functions conferred on, or assigned to, an Assessing Officer under this Chapter; (c) Board means the Central Board of Direct Taxes constituted under the Central Boards of Revenue Act, 1963 (54 of 1963); (d) equalisation levy means the tax leviable on consideration received or receivable for any specified service under the provisions of this Chapter; (e) Income-tax Act means the Income-tax Act, 1961 (43 of 1961). (f) online means a facility or service or right or benefit or access that is obtained through the internet or any other form of digital or telecommunication network; (g) permanent establishment includes a fixed place of business through which the business of the enterprise is wholly or partly carried on; (h) prescribed means prescribed by rules made under this Chapter; (i) specified service means online advertisement, any provision for digital advertising space or any other facility or service for the purpose of online advertisement and includes any other service as may be notified by the Central Government in this behalf; (j) words and expressions used but not defined in this Chapter and defined in the Income-tax Act, or the rules made thereunder, shall have the meanings respectively assigned to them in that Act.