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Illustration of the legal authority and decision-making power exercised by one member under Section 16 of the Bangladesh Income Tax Act, 2023. |
Exercise of power by one member under Section 16 | Bangladesh Income Tax Act -2023
As per section-16(ITA-2023),
Exercise of powers by one or more members.—Notwithstanding anything contained in section 14, the Government may direct that the powers and functions of the Appellate Tribunal be exercised by a single member, or jointly or severally by two or more members.
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Frequently Asked Question (FAQ):
1. What is the exercise of power by one member under Section 16 of the Bangladesh Income Tax Act, 2023?
Section 16 allows a single member to exercise specific powers and perform functions assigned under the Bangladesh Income Tax Act, 2023, subject to the provisions and limitations prescribed by law.
2. Why is Section 16 important in the Bangladesh Income Tax Act, 2023?
Section 16 ensures administrative efficiency by enabling one member to make decisions and perform duties without requiring the involvement of the entire board in every matter.
3. Can one member make binding decisions under Section 16?
Yes. A member authorized under Section 16 may exercise powers and make decisions within the scope of authority granted by the Act and applicable regulations.
4. How does Section 16 improve tax administration in Bangladesh?
Section 16 streamlines tax administration by reducing procedural delays, facilitating faster decision-making, and improving operational efficiency within the tax authority.