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of <h1>New Tax Dispute Resolution Scheme 2016: Key Procedures, Immunity Provisions, and Government Authority Outlined Under Finance Bill</h1> The Direct Tax Dispute Resolution Scheme, 2016, introduced in the Finance Bill, 2016, empowers the Central Government to create rules for its implementation. These rules may address the format and verification of declarations, certification processes, publication of orders, and other prescribed matters. Once established, rules must be presented to Parliament for approval. The Scheme, effective from June 1, 2016, defines key terms and outlines procedures for tax declarations, payment, and immunity provisions. It also specifies non-applicability in certain cases and grants the Central Government authority to issue directions and resolve difficulties in implementing the Scheme.
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