In the context of the Income Tax Appellate Tribunal (ITAT), consider the following statements: 1. ITAT is a quasi-judicial institution which specializes in dealing with appeals under the Direct Taxes Acts. 2. The orders passed by the ITAT are final and cannot be appealed in High Courts under any circumstances. Which of the above statements is/are correct? - Study24x7
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In the context of the Income Tax Appellate Tribunal (ITAT), consider the following statements: 1. ITAT is a quasi-judicial institution which specializes in dealing with appeals under the Direct Taxes Acts. 2. The orders passed by the ITAT are final and cannot be appealed in High...

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A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

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