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of <h1>New Tax Dispute Scheme 2016: Resolve Issues, Withdraw Appeals, and Gain Immunity from Penalties with Declaration Compliance</h1> The Direct Tax Dispute Resolution Scheme, 2016, introduced in the Finance Bill, 2016, outlines procedures for resolving tax disputes. A declaration must be submitted to a designated authority, and upon declaration, any related appeals are considered withdrawn. Declarants must withdraw any legal actions or proceedings related to specified taxes and provide proof. They must also waive rights to pursue further claims. False declarations or violations nullify the declaration. Appellate bodies cannot rule on specified tax issues once a declaration is made. The scheme includes definitions, declaration procedures, payment timelines, and conditions for immunity from penalties, effective from June 1, 2016.
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