What are the Powers of the Authority? What is Procedure
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
Section 245U of Income Tax Act "Powers of the
Section 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
Section 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.