What are the Powers of the Authority? What is Procedure of Authority? Section 245U and 245V of Income Tax Act 1961

Powers of the Authority and Procedure of Authority are defined under section 245U and 245V of Income Tax Act 1961. Provisions under these Sections are:

Section 245U of Income Tax Act "Powers of the Authority"

245U. (1) The Authority shall, for the purpose of exercising its powers, have all the powers of a civil court under the Code of Civil Procedure, 1908 (5 of 1908) as are referred to in section 131 of this Act.

(2) The Authority shall be deemed to be a civil court for the purposes of section 195, but not for the purposes of Chapter XXVI, of the Code of Criminal Procedure, 1973 (2 of 1974) and every proceeding before the Authority shall be deemed to be a judicial proceeding within the meaning of sections 193 and 228, and for the purpose of section 196, of the Indian Penal Code (45 of 1860).

 

Section 245V of Income Tax Act "Procedure of Authority"

245V. The Authority shall, subject to the provisions of this Chapter, have power to regulate its own procedure in all matters arising out of the exercise of its powers under this Act.