About this stamp
75 Years of the ITAT
India Post issued this ₹5 stamp on 24 January 2016 for the platinum jubilee of the Income Tax Appellate Tribunal (ITAT), the quasi-judicial body that hears appeals under the direct tax laws. Its orders are final on facts; an appeal lies to the High Court only on a substantial question of law.
How It Began
Income tax came to India with the Act of 1860, when appeals went no further than the District Collector. Later acts allowed appeals to the Commissioner, and the Income Tax Act of 1922 gave the High Courts an advisory role, but there was still no independent forum for aggrieved taxpayers, who could not go to the civil courts. A Select Committee appointed in November 1938 recommended an independent appellate tribunal, and the ITAT was constituted on 25 January 1941 under section 5A of the 1922 Act.
Then and Now
It began with six members sitting in three benches, at Delhi, Calcutta and Bombay. By 2016 it had 63 benches at 27 stations, covering almost every city with a seat of a High Court.
The stamp was designed by Alka Sharma; Security Printing Press, Hyderabad printed 0.4 million.
For More Information
Read more here:
