The Institute of Chartered Accountants of India (ICAI) recently got into an arrangement with Income Tax Appellate Tribunal (ITAT) at New Delhi whereby ICAI has extended the facility of using ICAI infrastructure for conducting hearings of ITAT at some of ICAI branches & offices across the country including Srinagar & Ladakh.
ICAI, being a true Partner in Nation Building has always collaborated with various initiatives of the Government, Regulatory authorities, etc. for facilitating the implementation of various policies/ measures for development of the economy. Continuing further in this direction, ICAI recently offered ICAI’s infrastructure at branches to be used by ITAT for its camp hearings as and when required.
As per the arrangement, ICAI shall make available its vast network of branches and infrastructure for use of the ITAT including facility of video conferencing at stations where ITAT does not have its infrastructure. This initiative will go a long way in establishing the idea of justice at doorstep to the taxpayers, which would ultimately result in ease of doing business for the citizens of the country.
The documents were exchanged between CA. Prafulla P. Chhajed President, ICAI and Hon’ble Mr. Justice P.P. Bhatt, President, ITAT during the occasion of 79th Foundation Day Celebrations and All India Members' Conference of the Income Tax Appellate Tribunal (ITAT).
The event was graced by Mr. Justice S.A. Bobde, Hon’ble Chief Justice of India. Also present were Mr. Justice M.R. Shah, Hon’ble Justice, Supreme Court of India, Mr. Tushar Mehta, Hon’ble Solicitor General of India, Shri Anoop Kumar Mendiratta, Hon’ble Secretary, Ministry of Law and Justice, Mr. Justice, G. S. Pannu, Hon’ble Vice-President, ITAT, Delhi Zone, CA. Atul Kumar Gupta, Vice- President, ICAI along with other Central Council Members of ICAI and other dignitaries.
Speaking on the occasion CA. Prafulla P. Chhajed, President, ICAI said “ICAI is a body set up under the Act of Parliament and has always been in the forefront in assisting all such activities which further the cause of justice. ICAI has a vast network of branches with required infrastructure. This initiative will help in increasing the outreach program of the ITAT to provide justice at doorstep.”
The Institute of Chartered Accountants of India (ICAI) is a statutory body set up in 1949 by an Act of Parliament to regulate the Profession of Chartered Accountancy in India. Created through a legislative fiat, ICAI continues its steadfast march to uphold the virtues of accountability, integrity and transparency in every sphere of country’s economic system.
ITAT is a quasi-judicial institution set up in January, 1941 and specializes in dealing with appeals under the Direct Taxes Acts. It stands out for its uniqueness of imparting justice to the litigants, by an inexpensive, easily accessible forum free from technicalities, regarded for its expert knowledge on the subject of Direct Taxes, besides rendering expeditious justice.