It was set up on 25 January 1941 by virtue of section 5A of the Income Tax Act, 1922.
The orders passed by the ITAT can be subjected to appellate challenge, on substantial questions of law, before the respective High Court.
Justice Chandrakant Vasant Bhadang a retired Judge of Bombay High Court has been appointed as president of the tribunal on 23 October 2023.
[3] 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.
In case 60 days are lapsed, then the appeal may be filed with an application of condonation of delay.