The All India Federation of Tax Practitioners (AIFTP) has filed an Impleadment application on March 08, 2021, before the Hon’ble Supreme Court in the case of Madras Bar Association v. UOI &Anr 2020 SCC OnLine SC 962.. With a view to fill the vacancy in the Hon’ble ITAT and thereby improve the efficiency of the Tribunal, this intervenor application has been filed with a humble prayer to appoint the Honourable Members of the ITAT as per the Direction of the Honourable Supreme Court
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Year: 2021
AIFTP Moves The Hon’ble Supreme Court For Appointment Of ITAT Members
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Posted in All Information, ITAT related, Supreme Court/High Court related, Transfers/apptts
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The Finance Bill, 2021: Conceptual Issues & Constitutional Challenges
All India Federation of Tax Practitioners (AIFTP) has organized a two-day Virtual National Tax Conference on 17th and 18th February, 2021 for an in-depth discussion on the Finance Bill, 2021 and its implications, more than1,000 participants enrolled as delegates for the Virtual National Tax Conference
Top Tax Pros Object To The Proposed ITAT Faceless Appeal Scheme, Make Representations
The ITAT Bar Association Mumbai and other leading bodies of tax professionals have made a detailed representation to the Ministry of Finance and others expressing their dissatisfaction against the proposed amendment in the Finance Bill, 2021 to implement a Faceless Income tax Appellate Tribunal (ITAT). It is pointed out that the ITAT has been working effectively and efficiently for the last 80 years and there is no reason to reinvent the wheel. It is also stated that there appears to be a fundamental misconception as to the proposed objective for bringing the proposed amendments. They have expressed concerns if the proposed law scheme would meet the test of constitutional validity. They fear a miscarriage of justice, and are of the strong opinion that such a radical change should not be proposed without research and feedback from the stake holders. Few proposals have been laid down in the representation
Download Finance Bill 2021 And Allied Documents
The Finance Bill 2021 And Allied Documents are available for download
Separate Benches Of The Hon’ble Supreme Court: Effective & Efficient Justice To The Common Man
Five State Bar Councils i.e., Telangana, Andhra Pradesh, Tamil Nadu, Karnataka and Kerala have unanimously demanded a Supreme Court Bench in South India. This demand has arisen on account of accessibility and costs incurred by the litigant to access the Hon’ble Supreme Court, which is currently situated at Delhi.
Mr. Malladi Srinivasa Rao, Tax Practitioner, Elected National President of AIFTP for 2021
Mr. Malladi Srinivasa Rao, Tax Practitioner, has been unanimously elected as National President of the All India Federation of Tax Practitioners (AIFTP) for the year 2021
Faceless Penalty Scheme, 2021
The Central Board for Direct taxes (CBDT) vide Notification No. 3 of 2021 dated January 12, 2021, has notified the “Faceless Penalty Scheme” for conducting penalty proceedings under the Income-tax Act, 1961 (Act) in a faceless manner. The said scheme is alignment with the Faceless Assessment Scheme and the Faceless Appeal Scheme
CBDT Rejects Representations For Further Extension Of Due Date For Filing ROI & TAR
As directed by the Gujarat High Court in The All India Gujarat Federation of Tax Consultants Vs. Union of India, the CBDT has passed an order under section 119 of the Act dated 11th January 2021 on the the issue of extension of due dates for filing of Audit Report under section 44AB of the Income tax Act.
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