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With reference to the Income Tax Appellate Tribunal (ITAT), consider the following statements:
1. It was the first tribunal established by the executive resolution.
2. It is known as ‘Mother Tribunal’.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
With reference to the Income Tax Appellate Tribunal (ITAT), consider t...
In News- Recently, Prime Minister virtually inaugurated the Office-cum-Residential Complex of Cuttack Bench of Income Tax Appellate Tribunal (ITAT) in Odisha to provide modern tax services.
Option B is correct: Income Tax Appellate Tribunal (ITAT) is a statutory body in the field of direct taxes and its orders are accepted as final. Statutory bodies are established by acts which Parliament and State Legislatures can pass. ITAT was the first Tribunal to be created on 25th January 1941 and is also known as ‘Mother Tribunal’.
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With reference to the Income Tax Appellate Tribunal (ITAT), consider the following statements:1. It was the first tribunal established by the executive resolution.2. It is known as ‘Mother Tribunal’.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
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With reference to the Income Tax Appellate Tribunal (ITAT), consider the following statements:1. It was the first tribunal established by the executive resolution.2. It is known as ‘Mother Tribunal’.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the Income Tax Appellate Tribunal (ITAT), consider the following statements:1. It was the first tribunal established by the executive resolution.2. It is known as ‘Mother Tribunal’.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Income Tax Appellate Tribunal (ITAT), consider the following statements:1. It was the first tribunal established by the executive resolution.2. It is known as ‘Mother Tribunal’.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
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