| The government today paved the way for faster disposal of tax cases following notification of the national tax tribunal act, which was cleared by Parliament in Winter Session.
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| “With the establishment of ntt, all matters and proceedings pending in appeals and references under the direct tax laws and indirect tax laws before the high courts shall stand transferred to it,” an official release said.
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| Under the NTT Act, NTT will hear cases on substantial question of law from decisions of the income tax appellate tribunal and the customs, excise and service tax appellate tribunal.
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| At present, a large number of tax cases are pending in high courts blocking huge revenue in litigations.
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| “This is adversely affecting the national economy. Hence, urgent measures are needed to speed up taxation matters pending before the high courts,” the release said.
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| A person, who has been a judge of supreme court or the chief justice of a high court, will preside over the ntt.
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| The number of benches to hear cases under the direct and indirect tax laws shall be decided by the government from time to time. |
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