New Direct Tax Code

The new Code does not provide for any appeal to the High Court. Section 192 provides for an appeal to the National Tax Tribunal, from an order passed in appeal by the ITAT and Section 193 provides for an appeal to the Supreme Court from any order of the National Tax Tribunal.

For the last few years the CBDT had been busy preparing this code and they seem to be unaware of the fact that the NTT is nowhere in sight!

If the NTT is not constituted before the Code comes into existence, there would be a big gap in the law