It was a beautiful start of 2022 with a very glorious and well organized National Tax conference at Kolkata on 26th to 28th February, organized by the Eastern Zone Team. Exemplary Team work filled with hospitality, Time management, Technical sessions full of substance, which could be judged from the satisfaction of the Delegates on being well blessed after returning from Ganga Sagar.
Immediately after the Kolkata Conference, a RRC was organized by Central Zone on 10th to 12th March in Gwalior Orchha and Jhansi which was very eventful, refreshing and rejuvenating for all the participants. As Covid phases out, Physical Conferences are in demand and need of the hour but at the same time “Be safe, be smart, be kind”
During the course of the pandemic, we have learnt that Work from home gives ample opportunities to learn more, to read more. Which all of us have taken as a positive step by organizing on line educational webinars which are being all the Zones as required and I request all to continue to do the same in time to come. It helps in reaching people at no Cost.
With the advent of More and More amendments in GST law and Income Tax It seems that the basic idea of the Government is to plug the alleged loopholes of tax evasion. Introduction of Faceless Proceedings under Direct Tax Laws is glaring example and I want to share with my friends that now only those persons will flourish into practice who had a strong support of knowledge in their tax practice. Our endeavor is to educate Members of our fraternity and to help them remain active in the profession by acquiring continuous knowledge to become more successful in providing good quality service to their clients and to make them contributory to the society and country by their services to the profession in a strong way. The tax profession is one of those professions which is always likely to flourish. Whatever changes in the system of tax may be made but the importance of tax practitioners is not going to be reduced or diminished, its dimensions may be changed in Technological era therefore we cannot take things easy and have to work and strive hard to prove ourselves as A tax Professional community at its best in time to come.
Recent judgments of the Supreme Court / High court are to be appreciated on STRIKING OFF the section 148 of Income Tax Act and on Limitation UNDER Taxation Laws are of significant importance and very recent Judgement Of Guwahati High court has a far reaching impact on the point of applicability of Limitation Act where specific denial of this Act is there in special Acts. This requires applauds and accolades and opening of debate amongst all.
The Holi festival is being celebrated throughout the country and AIFTP wishes all its Members a very Happy and colorful Holi. Holi depicts the triumph of good over evil. We expect that the spirit of Holi travels down to all and the good wins and the country moves forward for a new height in the next Financial Year. Coupled with happy Navratri in April 2022.
D. K. Gandhi
National President, AIFTP