Young-professionals to be hired by I-T department to help in tax litigation | India News
MUMBAI: Perhaps for the first time, the Income-tax department is tapping into the young-talent by introducing the ‘Young Professional Scheme’. The objective is to attract young professionals who have domain knowledge in law and accountancy. To begin with, 50 such professionals (the cut-off age is 35 years) will be appointed to aid departmental representatives (DRs) in conducting research to strengthen the revenue’s arguments in appeals before the Income-tax Appellate Tribunal (ITAT). The scheme will initially run for two years and will be evaluated for further extension.The ITAT is the first level of judicial appeal and is the final fact-finding authority. The party aggrieved by its order, can appeal to the high-court, only if the issue involves a question of law. At present appeals are h...