Prescribed Authority

A Prescribed Authority refers to an official or body authorized under a specific law or regulation to perform certain duties, make decisions, or exercise powers as specified in that legislation.

Key Points Designated by the relevant statute (e.g., Income Tax Act, Companies Act, GST Act).

Responsibilities may include: Assessing taxes or penalties Approving certain transactions or claims Issuing notices or orders Certifying compliance or documentation The term is used to identify the official with legal authority to act under the law.

Example: Under the Income Tax Act, an Assessing Officer is a Prescribed Authority authorized to conduct assessments, collect taxes, and enforce compliance