National Tax Tribunal Bill Approved

New Delhi: A Bill providing that no member of the National Tax Tribunal shall be transferred by the Centre without the chairman''s concurrence was permitted by the Lok Sabha on March 19. The National Tax Tribunal (Amendment) Bill to amend the relevant Act passed in 2005 wants to bring about changes to decrease the qualifying period of a member of the Income-Tax Appellate Tribunal and of the Customs, Excise and Service Tax Appellate Tribunal for appointment as member of the National Tax Tribunal, from seven years to five years.