Tag: itat

MUMBAI: Perhaps for the first time, the income-tax department is tapping into young-talent with domain expertise. Under the 'young professional scheme', the department is looking to attract professionals who have domain knowledge in law and accountancy (such as the chartered accountants and lawyers).To begin with, 50 such professionals (the cut-off age is 35 years) will be appointed to aid departmental representatives in conducting research to strengthen the revenue's arguments in appeals before the income-tax appellate tribunal (ITAT). They will analyse past judicial decisions that are being relied upon...