Income-tax Appellate Tribunal (ITAT) 24.1.2016

India Post has released a commemorative postage stamp on Income-tax Appellate Tribunal ITAT on 24th January 2016.ITAT was constituted on 25th of January 1941. In pursuance of the recommendations made by the Select Committee, the Legislature introduced Chapter il-A (Section 5A) in the Indian Income-tax Act in 1941 and 25.1.1941 was notified as the appointed date from which the Tribunal came into being. Subject to minor variations consequent on the expansion of the Tribunal and extension of its jurisdiction the secfion remained unchanged in its essentials till the repeal of the Income-tax Act, 1922 with effect from 1.4.1962.