Income Tax Tribunal
Income Tax Appellate Tribunal (ITAT) is a quasi-judicial institution set up in January, 1941 and specializes in dealing with appeals under the Direct Taxes Acts. 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.
ITAT is constituted by the Central Government and functions under the Ministry of Law. ITAT consists of two classes of members – Judicial and Accountant.
The appeals before the Income Tax Appellate Tribunal are generally heard by a division bench- consisting of one judicial member and one accountant member. In cases involving assessed income of less than₹15 lakh, however, any one Member, though with a work experience of minimum five years in the Tribunal, can decide the appeals in a single member bench as well. Monetary limit for deciding an appeal by a Single Member Bench of ITAT enhanced from ₹15 lakh to ₹50 lakh in Union budget of India (2016).
In case of conflict of opinions by the division benches on the issues involved in an appeal, the appeals are sometimes heard by the special benches consisting of three of more members- at least one of which must be a judicial member and at least one of which must be an accountant member.
The Indian Income Tax Appellate Tribunal is considered to be a very successful experiment in tribunalization and is often cited to justify more steps in this direction.
OUR INCOME TAX TRIBUNAL SERVICE INCLUDES :
- ITAT Case filing
- ITAT appealing