Age of Chairperson ViceChairperson Members of Tribunal Appellate Tribunal other Authorities – Amendment to section 184 of Finance Act 2017
MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi, the 29th May, 2017
S.O. 1702(E).–Whereas, the Finance Act, 2017 (7 of 2017) (hereinafter referred to as the said Act) received the assent of the President on 31st March, 2017;
And whereas, second proviso to sub-section (1) of section 184 of the said Act provides that the age of the Chairperson, Chairman or President shall not exceed seventy years and the age of the Vice- Chairperson, ViceChairman, Vice- President, Presiding Officer or any other Member shall not exceed sixty- seven years;
And whereas, such provision of the said Act had come into force on the 26th day of May, 2017;
And whereas, no person is qualified to be appointed as the Presiding Officer-
(a) of the Securities Appellate Tribunal established under the Securities Exchange Board of India Act, 1992 (15 of 1992), unless he is, or has been, a judge of Supreme Court or Chief Justice of High Court or a Judge of High Court for at least seven years;
(b) of the Industrial Tribunal constituted by the Central Government under the Industrial Dispute Act, 1947 (14 of 1947) unless he is, has been, or is qualified to be, a Judge of High Court; and
(c) of the Debts Recovery Tribunal established under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (51 of 1993) unless he is a Judge of District Court;
And whereas, a difficulty has arisen in giving effect to the aforesaid provisions of the said Act as a Judge of the Supreme Court or the Chief Justice of a High Court or a Judge of a High Court, after appointment as the Presiding Officer of Securities Appellate Tribunal may not be retired at the age of Sixty-five and his age of retirement be increase to the Seventy years as in case of the Chairperson or Chairman or President of Tribunal, Appellate Tribunal, or as the case may be, Authority;
Now, therefore, in exercise of the powers conferred by sub-section (1) of section 189 of the said Act, the Central Government hereby makes the following Order, namely: –
1. Short title and commencement.—(1) This Order may be called the Finance (Removal of Difficulties) Order, 2017.
(2) It shall come into force on the date of its publication in the Official Gazette.
2. In the Finance Act, 2017 (7 of 2017), in section 184, in sub-section (1), in the second proviso, –
(i) in clause (a), for the words “or President”, the words “President or the Presiding Officer of the Securities Appellate Tribunal” shall be substituted;
(ii) in clause (b), after the words “Presiding Officer”, the words “of the Industrial Tribunal constituted by the Central Government and the Debts Recovery Tribunal” shall be inserted.
[F. No. A.50050/9/2016-Ad1C (CESTAT) Pt. I]
UDAI SINGH KUMAWAT, Jt. Secy.
Non issuance of notice u/s 143(2) for return filed u/s 148 even though belatedly, makes the assessment framed bad in…
Calculation of functional disability depends on assessing the victim’s earning capacity in the open, competitive market – Supreme Court In…
Appeal against every decision of ITAT shall lie only before the High Court within whose jurisdiction the Assessing Officer who…
Supreme Court recommends action against Commissioner of Customs who relied upon non-existent AI generated case laws. Supreme Court recommends action…
ITAT power to pass such orders "as it thinks fit" implies a judicial discretion to be exercised within the parameters…
Mere non-deduction of TDS by the deductor on a transaction does not change the character of the transaction to make…