Dispute Resolution Committee enables modification of tax variations, penalty relief, and prosecution immunity for specified cases. A Dispute Resolution Committee is constituted for specified persons who opt for dispute resolution in respect of variations in a specified order and ... Summary
Dispute Resolution Committee enables modification of tax variations, penalty relief, and prosecution immunity for specified cases.
A Dispute Resolution Committee is constituted for specified persons who opt for dispute resolution in respect of variations in a specified order and satisfy prescribed conditions. The Committee may modify the variations, reduce or waive penalty, and grant immunity from prosecution, subject to prescribed conditions. The Assessing Officer must give effect to the Committee's order within one month by passing or modifying the assessment, reassessment, or recomputation order. A specified order is limited by the prescribed monetary and source-based conditions.
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