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of <h1>Taxpayer gets 30 days to accept or object to draft adverse assessment; DRP issues binding directions within nine months</h1> The Assessing Officer must first send a draft assessment proposing any variation adverse to the eligible taxpayer; the taxpayer has 30 days to accept or file objections with both the Dispute Resolution Panel (DRP) and the Assessing Officer. If accepted or no objections are filed, the AO completes assessment within one month. If objections are filed, the DRP - a three-member collegium of Commissioners - reviews the record, evidence and reports, may make enquiries, and issues binding directions within nine months; it may confirm, reduce or enhance proposed variations. A hearing must be given before prejudicial directions. Specified exclusions and procedural schemes are provided.
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