ITAT

Income Tax Appellate Tribunal ITAT is the second appellate authority under direct tax laws in India. It functions as an independent fact-finding body that hears appeals against orders passed by the CIT(A), offering taxpayers and the tax department a final recourse on factual disputes. Example If the CIT(A) rules against a taxpayer upholding a tax addition, the taxpayer can further appeal to the ITAT within a specific timeframe (VERIFY: 60 days) to contest the CIT(A)'s decision based on the facts of the case. When it matters in practice ITAT appeals are essential for high-stake tax disputes where factual interpretation is contested, as its decisions on facts are final and binding on both parties. Related terms - CIT(A) - High Court Appeal - Tax Assessment Related Service Litigation Support