Government has notified the establishment of the National Tax Tribunal (NTT)
This is to inform you that the Central Government has notified the establishment of the National Tax Tribunal (NTT) under Section 3 of the National Tax Tribunal Act. As per provisions of Section 15(2) of the National Tax Tribunal Act, 2005, read with Section 260A of the Income Tax Act, any order passed by the Appellate Tribunal before the 6th January, 2006 shall be appealable to the High Court and order passed by the ITAT from 6th January, 2006 onwards shall be appealable to the National Tax Tribunal. The time period for filing the appeal under Section 15(2) of the NTT Act is 120 days from the date on which the order is received.
Further, it is to be noted that as per provisions of Section 23(1) of the NTT Act, the pending matters before the High Court shall stand transferred to the NTT on such date as may be notified by the government. This notification has not been issued and as such the High Court shall continue to hear appeals in respect of the orders passed by the ITAT before 6th January, 2006 till such time a further notification under Section 2(1) is issued.
Ved Jain,FCA
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