Section 11 - Jurisdiction of Assessing Officers and power to transfer cases - Wealth Tax Act, 1957

1 [ Jurisdiction of Assessing Officers and power to transfer cases. 11. (1) The provisions of sections 124 and 127 of the Income-tax Act shall, so far as may be, apply for the purposes of this Act as they apply for the purposes of the Income-tax Act, subject to the modifications specified in sub-section (2). (2) The modifications referred to in sub-section (1) shall be the following, namely: (a) in section 124 of the Income-tax Act, (i) in sub-section (3), references to the provisions of the Income-tax Act shall be construed as references to the corresponding provisions of the Wealth-tax Act ; (ii) sub-section (5) shall be omitted ; (b) in section 127 of the Income-tax Act , in the Explanation below sub-section 2 [(4)], references to proceedings under the Income-tax Act shall be construed as including references to proceedings under the Wealth-tax Act .] ----------------------- Notes:- 1. Substituted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988. Prior to its substitution, section 11, as amended by the Finance (No. 2) Act, 1967, w.e.f. 1-4-1967, stood as under: "11. Inspecting Assistant Commissioner of Wealth-tax. The Commissioner of Wealth-tax may empower as many persons as he thinks fit to exercise under this Act the functions of an Inspecting Assistant Commissioner of Wealth-tax, and on being so empowered the Inspecting Assistant Commissioners of Wealth-tax shall perform their functions in respect of such areas or such persons or such classes of persons as the Commissioner may direct, and where such directions have assigned to two or more Inspecting Assistant Commissioners the same area or the same persons or the same classes of persons they shall have concurrent jurisdiction and shall perform such functions in respect of the said areas or persons or classes of persons as the Commissioner may, by general or special order in writing, specify, for the distribution and allocation of the work to be performed." 2. Substituted for "(5)" by the Direct Tax Laws (Amendment) Act, 1989, with retrospective effect from 1-4-1988.