sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
From the Courts »
  Oriental Bank Of Commerce Vs. Additional Commissioner Of Income Tax
  Suresh M. Jamkhindikar vs. ACIT (Bombay High Court)
  Union of India vs. Pirthwi Singh (Supreme Court)
 Cromption Greaves Limited vs. CIT (ITAT Mumbai)
 Director Of Income Tax Vs. M/s. Modiluft Ltd.
 Director Of Income Tax Vs. M/s. Royal Airways Ltd.
 Lally Motors India (P.) Ltd vs. PCIT (ITAT Amritsar)
  Mehsana District Co-operative vs. DCIT (Gujarat High Court)
 Suresh M. Jamkhindikar vs. ACIT (Bombay High Court)
 Union of India vs. Pirthwi Singh (Supreme Court)
  In Re Hiten Ramanlal Mahimtura (ITAT Mumbai)

Rajya Sabha passes NTT Bill
December, 08th 2005


Issuing Authority/Forum - GOI     8th December, 2005

PIB Press Release dated 8 December 2005 - Rajya Sabha Passed the National Tax Tribunal Bill, 2005




National Tax Tribunal Bill 2005


Sub Topic

Adjudication of disputes by the NTT



The Rajya Sabha passed the National Tax Tribunal Bill 2005, which provided for the adjudication of disputes relating to the levy, assessment, collection and enforcement of direct taxes as well as those relating to the customs and excise duty rates, by the National Tax Tribunal. The Bill was applicable to the whole of India and would come into force on the date notified by the Central Government in the Official Gazette.


The Rajya Sabha today passed the National Tax Tribunal (NTT) Bill, 2005. The Bill provides for adjudication by the National Tax Tribunal of Disputes with respect to levy, assessment, collection and enforcement of direct taxes and it also provides for the adjudication of disputes with respect to the determination of rates of duties of customs and central excise on goods and the valuation of goods for the purposes of assessment of such duties as well as in matters relating to levy of tax on service, in pursuance of Article 323 B of the Constitution and for matters connected therewith or incidental thereto. The Lok Sabha had earlier passed the Bill.

The Bill extends to the whole of India and shall come into force on such date as the Central Government may notify in the Official Gazette of Government of India. The NTT shall consist of a Chairperson and such number of members as the Central Government deems fit. The Central Government shall determine the number of Benches and each Bench shall consist of two members. The Chairperson of the NTT shall be a person who has been a Judge of the Supreme Court or Chief Justice of High Court. The member shall be a person who is eligible to be a Judge of a High Court or who is or has been a member of the Income Tax Appellate Tribunal or of the Customs, Excise and Service Tax Appellate Tribunal for at least seven years.

The Chairperson and other members shall be appointed by the Central Government on the recommendations of the Selection Committee consisting of Chief Justice of India, or a Judge of the Supreme Court nominated by CJI, Secretary, Department of Legal Affairs, Ministry of Law and Justice and Secretary, Department of Revenue, Ministry of Finance. The retirement age in respect of the Chairperson shall be 68 years and in respect of a member shall be 65 years.


Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Bath SEO Company Birmingham SEO Company Bradford SEO Company Brighton and Hove SEO Company Bristol SEO Company Cambridge SEO Company Canterbury SEO Company Carlisle SEO Company Chester SEO Company Chichester SEO Company Coventry SEO Compan

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions