Author: editor

The Cuttack Tax Bar Association (Life Member of AIFTP) has filed a Writ Petition in the Orissa High Court bearing W.P.(C) No.33457 of 2020 against the Notification of the Union Government for Faceless Appeal Scheme. The Writ Petition was listed for hearing in the Court of Hon’ble Chief Justice on 09/03/2021. The notice has been issued to the opposite parties to file their reply. The matter will come on 17/05/2021 for hearing before the said Bench

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

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

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

The Finance Bill 2021 And Allied Documents are available for download

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, has been unanimously elected as National President of the All India Federation of Tax Practitioners (AIFTP) for the year 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

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.

According to CNBCTV18, the Finance Ministry has received many representations to extend deadlines for GSTR 9A & 9C for FY 2018 -19 & FY2019-20 & ITR for AY 20-21 & income tax audit which expires on Dec 31. The Ministry is likely to extend deadlines by 1-2 months, it is claimed