It received Presidential Assent on 13th August 2021. The Act seeks to dissolve certain existing appellate bodies and transfer their functions such as adjudication of appeals to other existing judicial bodies.
Amendments to the Finance Act, 2017
The Finance Act, 2017 merged tribunals based on domain. It empowered the central government to notify rules on various matters such as
composition of search-cum-selection committees,
qualifications of tribunal members, and
their terms and conditions of service (such as their removal and salaries).
It removes these provisions from the Finance Act, 2017.
Search and Selection Committees: Under the new Act The Chairperson and ....
