24-01-2016: Income Tax Appellate Tribunal A commemorative postage stamp

Income Tax Appellate Tribunal(ITAT) is a quasi judicial institution set up in January 1941 under Section 5A of the Income Tax Act, 1922 and specializes in dealing with appeals under the Direct Taxes Acts. The orders passed by the ITAT and final and an appeal lies to the High Court only if a substantial question of law arises for determination. There have been no fundamental changes either in the constitution or the functioning of the Tribunal in the Income Tax Act, 1961.