Prime Minister Narendra Modi inaugurated the state-of-the-art office-cum-residential complex of Income Tax Appellate Tribunal, ITAT at Cuttack, Odisha through video conferencing.
Daily Current Affairs Quiz 2020
Key-Points
Income Tax Appellate Tribunal, also known as ITAT, is an important statutory body in the field of direct taxes and its orders are accepted as final, on findings of fact.
It is presently headed by Mr. Justice (Retd) P.P. Bhatt, formerly Judge of the High Court of Jharkhand and High Court of Gujarat.
ITAT was the first Tribunal to be created on 25th January, 1941 and is also known as ‘Mother Tribunal’. Starting with three benches in the year 1941, at Delhi, Bombay and Calcutta it has now grown to 63 Benches and two circuit benches spread across thirty cities of India.
The Cuttack Bench of the ITAT was created and started functioning from 23rd May, 1970. The jurisdiction of Cuttack Bench extends to the whole of Odisha.
