A detailed guide for tax professionals and departmental officers is been proposed by the recently updated Handbook on Judicial Matters, prepared by the Office of the Principal Commissioner of Income Tax (Judicial).
The book specifies the process to file the appeals in distinct judicial fora, including the Income Tax Appellate Tribunal (ITAT), High Court, and National Company Law Tribunal (NCLT) & Appellate Tribunal (NCLAT).
CBDT New Handbook Highlights
In this handbook, the Income tax department has shared the step-by-step process to file an appeal at ITAT, the High Court and NCLT & NCLAT.
ITAT Filing Appeals
- The same furnishes a guide to make and file the appeals to the ITAT, that secures timelines, submission requirements, and important points for representation.
- To ensure efficiency and transparency in the process e-filing has been made obligatory.
Procedures of the High Court
The handbook holds the protocol regarding the appeals u/s 260A, including the required documentation, stages of hearing, and guidelines for filing electronically.
Prosecution Cases Under the Income Tax Act
The chapters on the prosecution stress the steps to launch a prosecution case, the importance of complaint preparation, and managing the offences under the Black Money Act and the Benami Property Act.
NCLT & NCLAT
Fundamental chapters include corporate restructuring, mergers, and acquisitions in the light of tax laws, along with procedures under the Insolvency and Bankruptcy Code (IBC).
To facilitate judicial matters, the same handbook is been made to ensure that all the parties comply with a structured and efficient approach.
Closure: The Handbook on Judicial Matters is a significant tool for the tax professionals and officers that manage the complex judicial processes, from ITAT appeals to NCLT proceedings, ensuring compliance with the updated procedural updates.
