Section 8:
Wealth-tax authorities and their jurisdiction.
1[8. Wealth-tax authorities and their jurisdiction.--The income-tax authorities specified in
section 116 of the Income-tax Act shall be the wealth-tax authorities for the purposes of this Act and
every such authority shall exercise the powers and perform the functions of a wealth-tax authority under
this Act in respect of any individual, Hindu undivided family or company, and for this purpose his
jurisdiction under this Act shall be the same as he has under the Income-tax Act by virtue of orders or
directions issued under section 120 of that Act (including orders or directions assigning concurrent
jurisdiction) or under any other provision of that Act.
Explanation.--For the purposes of this section, the wealth-tax authority having jurisdiction in relation
to a person who is not an assessee within the meaning of the Income-tax Act shall be the wealth-tax
authority having jurisdiction in respect of the area in which that person resides.]
Notes:
1. Subs. by Act 4 of 1988, s. 131, for sections 8, 9, 10 and 11 (w.e.f. 1-4-1988). Earlier these sections was amended by Act 46 of
1964, s. 8 and 10 (w.e.f. 1-4-1965), Act 20 of 1967, s. 34 (w.e.f. 1-4-1967) and Act 41 of 1975, s. 84 (w.e.f. 1-10-1975).