The Institute of Chartered Accountants of India (ICAI) released the Technical Guide on Virtual Income Tax Appellate Tribunal (ITAT) Proceedings.
The ICAI president, CA. Nihar N Jambusaria said a recent technological change implemented is in the form of a faceless Income-tax Appellate Tribunal (ITAT). The Government is constantly moving towards a faceless regime on the Income-tax front and this is another concrete action in this regard. The faceless regime is the new buzzword in the Direct Taxation area nowadays.
“The Institute of Chartered Accountants of India (ICAI) has always been proactive in disseminating the knowledge and honing the skills of its members. I am really happy to note that the Direct Taxes Committee of ICAI has come out with this publication namely “Technical Guide on Virtual ITAT Proceedings” so as to assist the members in meeting their professional commitments in a more effective manner,” the ICAI President added.
“Faceless regime in the future on the taxation front. After the faceless assessment, appeals, and penalty, now provisions for faceless ITAT have also been enacted vide the Union Budget 2021-22. Implementation of Faceless ITAT would have its own challenges considering litigation and arguments would be completely different in a faceless manner. As a suitable alternative to faceless ITAT, virtual proceedings before ITAT are in vogue especially since the advent of the Covid pandemic,” CA. Chandrashekhar V. Chitale, Chairman of Direct Tax Committee, ICAI said.
“We are extremely thankful to our Members of the Study Group formed under the convenorship of Chairman, DTC, who worked selflessly and dedicatedly to prepare the draft of this publication after taking all inputs from the said group members formed in this regard. We especially appreciate the efforts of our following study group members who provided valuable inputs for this publication; CA. Pramod Shingte, CA. Deepa Khare, CA. C. Nanivadekar, CA. Rajendra Agiwal, CA S. N. Puranik, CA. Kishor Phadke and CA. Pradeep Kapasi,” CA. Chandrashekhar V. Chitale, Chairman of Direct Tax Committee, ICAI added.
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