UPSC Civil Services Model Paper 7

Income Tax Appellate Tribunal, also known as ITAT, is an important statutory body in the field of direct taxes and its orders are accepted as final, on findings of fact . ITAT was the first Tribunal and is also known as ‘MotherTribunal’ .
Hence Statement B is Correct.
Starting with three benches, at Delhi, Bombay, and Calcutta it has now grown to 63 Benches and two circuit benches spread across thirty cities of India.
ITAT was the very first tribunal constituted in India and it functions under the Ministry of Law and Justice and not the obvious looking Ministry of Finance.
Hence Statement A is Correct.
It is the second appellate authority under the direct taxes and the first independent forum in its appellate hierarchy .
The orders passed by the ITAT can be subjected to appellate challenge, on substantial questions of law , before the respective High Court .
Hence Statement C is Correct.
Monetary limit for deciding an appeal by a single member Bench of ITAT enhanced from ₹15 lakh to ₹50 lakh.