News Update

ACC approves senior level appointmentsPressure mounts on Centre to cut excise duty on Petrol & Diesel prices; Some States may follow suit but not TNPublic Notice No. 33/2018 - Teething troubles faced by importers (See 'TOG INSIGHT' in 'Taxongo.com')CX - Valuation -S.4 of CEA, 1944 - Price prevailing for sale at depot immediately 'prior' to clearance from factory gate was to be adopted: CESTATThe new AEO SchemeI-T - if assessee fails to produce certain documents, it does not legitimise AOs presumption that transactions were not genuine: HCForeign Players Participating in IPL - Hit by GST?ST - Site Transfer activity involves processing of goods not amounting to manufacture and, therefore, same are taxable under 'BAS' - services partly performed outside India is also export - rebate available: CESTATGovt working on solution to rise in fuel prices, says PradhanGST Council holds joint meeting with CST & SGST officials in Hyderabad; happy with close coordinationOMCs hike diesel price by 26 paisa & Petrol price by 33 paisa per litre from todayGovt aims at reducing dwell time to 24 hours at ICD, say Mumbai Chief CommissionersWTO Members debate over fisheries subsidiesPM dedicates Kishanganga Hydro Project to Nation in SrinagarYeddyurappa Govt resigns before floor test; CM delivers emotional speechDemocracy under lens - SC orders live telecast of floor test in Karnataka Assembly todayI-T - if assessee fails to produce certain documents, it does not legitimise AOs presumption that transactions were not genuine: HCE-way bill required for supplies within Union Territories w.e.f 25.05.2018I-T - Income surrendered during search can be set off against business loss for AY 2013 -14 as amendment in Sec 115BBE is operative only from AY 2017-18: ITATACC clears Jharkhand Cadre IAS Amit Khare as new I&B Secretary + Anup Wadhawan to take over as Commerce Secretary + Dr M M Kutty to be new Petroleum SecretaryData Security & Privacy - Parliamentary Panel invites inputsBRICS Summit - India calls for judicious use of resourcesUS Trade Deficit - Trump flays ChinaI-T - If any industrial undertaking avails benefits under Ss 80-IA & 80-IB, it is still entitiled to avail Sec. 80-IC benefits: SCGSTR-3B - Govt extends deadline till May 22AP Govt looking for deputationists for GST postsGoyal reviews coal supply to power plantsDate for mandatory digital payment through e-MPS is extended to 01.06.2018Testing of Samples at outside laboratories - more entities addedSuspension of inter-state E-Way Bill on or after February 2, 2018 - a myth?GST - Is it worth reviving the 'Exorcised Ghost' of Sugar Cess?
Untitled Document

THE NATIONAL TAX TRIBUNAL (AMENDMENT) ACT, 2007
No.18 OF 2007, Dated: April 3, 2007

MINISTRY OF LAW AND JUSTICE
(Legislative Department)

New Delhi, the 4th April, 2007/Chaitra 14, 1929 (Saka)

The following Act of Parliament received the assent of the President on the 3rd April, 2007, and is hereby published for general information:-

THE NATIONAL TAX TRIBUNAL (AMENDMENT) ACT, 2007
No.18 OF 2007

[3rd April, 2007.]

An Act to amend the National Tax Tribunal Act, 2005.

BE it enacted by Parliament in the Fifty-eighth Year of the Republic of India as follows:-

1. (1) This Act may be called the National Tax Tribunal (Amendment) Act, 2007.

Short title and commencement.

(2) It shall be deemed to have come into force on the 29th day of January, 2007.

49 of 2005.
2. In section 5 of the National Tax Tribunal Act, 2005 (hereinafter referred to as the principal Act), in sub-section (5),-

Amendment of section 5.

(i) the words "in consultation with the Chairperson" shall be omitted;

(ii) the following proviso shall be inserted, namely:-

" Provided that no Member shall be transferred without the concurrence of the Chairperson.".

Amendment of section 6.
3. In section 6 of the principal Act, in sub-section (2), in clause (b), for the words "seven years", the words 'five years" shall be substituted.

Amendment of section 13.
4. In section 13 of the principal Act, in sub-section (1), the words "or any person duly authorised by him or it" shall be omitted.

Repeal and saving.
5. (1) The National Tax Tribunal (Amendment) Ordinance, 2007 is hereby repealed. Ord. 3 of 2007.

(2) Notwithstanding the repeal of the National Tax Tribunal (Amendment) Ordinance, 2007, anything done or any action taken under the principal Act, as amended by the said Ordinance, shall be deemed to have been done or taken under the corresponding provisions of the principal Act, as amended by this Act. Ord. 3 of 2007.

(K.N. Chaturvedi)
Secretary to the Government of India