Financial Daily from THE HINDU group of publications
Wednesday, Jan 04, 2006
Financial Daily from THE HINDU group of publications Wednesday, Jan 04, 2006 |
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Government
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Policy Industry & Economy - Taxation Tax tribunal Act notified Our Bureau
New Delhi , Jan 3 THE National Tax Tribunal Act 2005, which is legislation passed by Parliament in the winter session, has been notified. Under this legislation, the National Tax Tribunal (NTT) would hear cases on substantial question of law from the decisions of the Income-Tax Appellate Tribunal (ITAT) and the Customs, Excise and Service Tax Appellate Tribunal (CESTAT). The NTT is being set up with an objective of speeding up taxation matters that are currently pending before the High Courts. Under the direct and indirect tax enactments, an appeal lies in the High Court on a substantial question of law.
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