{"id":25722,"date":"2026-10-19T11:40:18","date_gmt":"2026-10-19T06:10:18","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=25722"},"modified":"2026-10-19T12:07:34","modified_gmt":"2026-10-19T06:37:34","slug":"income-tax-appellate-tribunal-itat","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/income-tax-appellate-tribunal-itat\/","title":{"rendered":"Income Tax Appellate Tribunal"},"content":{"rendered":"<h2><b>Income Tax Appellate Tribunal Latest News<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Recently, a major automaker company of India said favourable to the Income Tax Appellate Tribunal (ITAT) order and is expected to have a positive tax impact, including interest, of approximately \u20b913,000 crore.<\/span><\/p>\n<h2><b>About Income Tax Appellate Tribunal<\/b><\/h2>\n<ul>\n<li><span style=\"font-weight: 400;\">It is a <\/span><b>quasi-judicial institution<\/b><span style=\"font-weight: 400;\"> set up in January, 1941 and specializes in dealing with appeals <\/span><b>under the Direct Taxes Acts.<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400;\">It adjudicates appeals made under <\/span><b><a href=\"https:\/\/vajiramandravi.com\/current-affairs\/new-income-tax-bill-2025-passed-key-changes-concerns\/\" target=\"_blank\">the Income Tax Act of 1961<\/a>.<\/b><\/li>\n<li><b>Initial Structure:<\/b><span style=\"font-weight: 400;\"> It was started in 1941 with six Members constituting three Benches \u2013 one each at <\/span><b>Delhi, Kolkata (Calcutta), and Mumbai<\/b><span style=\"font-weight: 400;\"> (Bombay).<\/span><\/li>\n<li><b>Present Structure:<\/b><span style=\"font-weight: 400;\"> It presently has <\/span><b>63 Benches at 27 different cities<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li><b>Nodal Ministry:<\/b><span style=\"font-weight: 400;\"> It functions under the <\/span><b>Ministry of Law and Justice.<\/b><\/li>\n<li><b>Composition\u00a0<\/b>\n<ul>\n<li><b>President:<\/b><span style=\"font-weight: 400;\"> The President of the ITAT constitutes a bench from among the members of the ITAT.<\/span><\/li>\n<li><b>Member:<\/b><span style=\"font-weight: 400;\"> Each bench has an <\/span><b>accountant member<\/b><span style=\"font-weight: 400;\"> and a <\/span><b>judicial member.<\/b><\/li>\n<li><b>Special Bench:<\/b><span style=\"font-weight: 400;\"> In some cases, a special bench with three or more members may be constituted to dispose of income tax appeals.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2><b>Functions of Income Tax Appellate Tribunal<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Hearing Appeal:<\/b><span style=\"font-weight: 400;\"> It hears appeals concerning orders passed by the income-tax authorities.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Dispute Resolution:<\/b><span style=\"font-weight: 400;\"> ITAT serves as the final fact-finding body in tax disputes, <\/span><b>offering both taxpayers<\/b><span style=\"font-weight: 400;\"> and the income tax authorities a convenient platform to resolve disputes.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is the second forum to hear income-tax appeals after the Commissioner of Income-tax (Appeals)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">ITAT functions under the <\/span><b>regional High Court\u2019s jurisdiction<\/b><span style=\"font-weight: 400;\"> and must adhere to the rules of the same.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">ITAT is subordinate to both the <\/span><b>region\u2019s High Court and the Indian Supreme Court.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The orders passed by the ITAT are final. An <\/span><b>appeal lies to the High Court only<\/b><span style=\"font-weight: 400;\"> if a substantial question of <\/span><b>law arises for determination.<\/b><\/li>\n<\/ul>\n<p><b>Source: <\/b><strong><a href=\"https:\/\/www.thehindu.com\/business\/income-tax-tribunal-orders-13000-crore-tax-relief-to-maruti-suzuki\/article71589498.ece\" target=\"_blank\" rel=\"nofollow noopener\">TH<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Income Tax Appellate Tribunal is a quasi-judicial institution set up in January, 1941 and specializes in dealing with appeals under the Direct Taxes Acts. Read more about Income Tax Appellate Tribunal, Composition, Functions, Latest News.<\/p>\n","protected":false},"author":5,"featured_media":67599,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[10981],"class_list":["post-25722","post","type-post","status-publish","format-standard","has-post-thumbnail","category-upsc-prelims-current-affairs","tag-income-tax-appellate-tribunal","no-featured-image-padding"],"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/25722","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=25722"}],"version-history":[{"count":3,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/25722\/revisions"}],"predecessor-version":[{"id":129626,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/25722\/revisions\/129626"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/67599"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=25722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=25722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=25722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}