What is the Income Tax Appellate Tribunal (ITAT) and its role in the appeals process?

The Income Tax Appellate Tribunal (ITAT) is the second appellate authority in the income tax appeals process. It is a quasi-judicial body that hears appeals against the orders passed by the Commissioner of Income Tax (Appeals). The ITAT consists of judicial and accountant members and has the power to pass orders after considering the facts and legal provisions of the case. Section 252 of the Income Tax Act, 1961 deals with the constitution and jurisdiction of the ITAT.