Q.3)The National Faceless Income Tax Appellate Tribunal Centre will reduce the cost of compliance for taxpayers, and increase transparency in the disposal of appeals. Critically evaluate.
Why this question:
The National Faceless Income Tax Appellate Tribunal Centre has been proposed in the Union Budget 2021-22.
Key demand of the question:
The importance of the National Faceless Income Tax Appellate Tribunal Centre.
Critically evaluate - Give your verdict as to what extent a statement or findings within a piece of research are true, or to what extent you agree with them. Provide evidence taken from a wide range of sources which both agree with and contradict an argument. Come to a final conclusion, basing your decision on what you judge to be the most important factors and justify how you have made your choice.
Briefly introduce what the National Faceless Income Tax Appellate Tribunal Centre will do.
In the first part, mention the importance of importance of the move proposed in the Budget
In the next part, highlight the challenges associated in setting up the tribunal, the issues that the tribunals face and how it is important to address them.
Conclude with a way forward.