Association of persons or body of individuals or artificial juridical person formed for a particular event or purpose - Income Tax Bill, 2025 - Old Version
Association of persons or body of individuals or artificial juridical person formed for a particular event or purpose - Income Tax Bill, 2025 - Old Version
Dispute Resolution Committee enables modification of tax assessments and potential penalty relief following prescribed eligibility conditions. The Central Government may constitute one or more Dispute Resolution Committees under prescribed rules to resolve disputes for specified persons who opt ... Summary
Dispute Resolution Committee enables modification of tax assessments and potential penalty relief following prescribed eligibility conditions.
The Central Government may constitute one or more Dispute Resolution Committees under prescribed rules to resolve disputes for specified persons who opt in, where the DRC may modify variations in a specified order, reduce or waive penalties, or grant immunity from prosecution. On receipt of a DRC order, the Assessing Officer must pass or modify an assessment, reassessment, or recomputation in conformity with the DRC directions within one month from the end of the month in which the order is received. "Specified order" is subject to eligibility criteria and certain investigatory exclusions.
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