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<h1>Finance Bill 2016 Unveils Direct Tax Dispute Resolution Scheme: Key Terms, Procedures, and Immunities Explained</h1> Clauses 197 to 208 of the Finance Bill, 2016 introduce the Direct Tax Dispute Resolution Scheme, 2016, effective from June 1, 2016. The Scheme defines key terms like 'declarant' and 'disputed tax' and outlines procedures for tax declaration, payment, and immunity from certain penalties. It specifies that benefits or immunities under this Scheme do not extend to other proceedings unless explicitly stated. The Scheme also details non-refund provisions, non-applicability in certain cases, and grants the Central Government authority to issue directions and resolve difficulties in implementing the Scheme.