TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 144C Introduces Dispute Resolution Panel for Faster Income Tax Dispute Settlements with Binding Directions.</h1> Clause 55 of the Finance (No. 2) Bill, 2009, introduces section 144C to the Income-tax Act, establishing a Dispute Resolution Panel (DRP) for efficient resolution of disputes related to income variations proposed by the Assessing Officer. The DRP, comprising three Commissioners of Income-tax, addresses objections from eligible assessees, which include foreign companies and those affected by Transfer Pricing Officer orders. The DRP issues binding directions to the Assessing Officer within nine months, ensuring expedited resolution. This mechanism aims to improve the speed of dispute resolution, effective from October 1, 2009.
TaxTMI 
TaxTMI 
