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79th Foundation Day of ITAT

  • 25 Jan 2020
  • 1 min read

Why in News

Recently, the Income Tax Appellate Tribunal (ITAT) celebrated its 79th foundation day.

Income Tax Appellate Tribunal

  • Establishment: Income Tax Appellate Tribunal (ITAT) is a quasi-judicial institution set up in 1941under section 5A of the Income Tax Act, 1922.
    • Initially, it had three Benches at Delhi, Kolkata (Calcutta) and Mumbai (Bombay).
      • But presently ITAT has 63 Benches at 27 different stations covering almost all the cities having a seat of the High Court.
    • ITAT is referred to as 'Mother Tribunal' being the oldest Tribunal in the country.
  • Functions: It deals with appeals under the Direct Taxes Acts namely, the Income-tax Act, 1961.
    • The orders passed by the ITAT are final, an appeal lies to the High Court only if a substantial question of law arises for determination.

Source: TH

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