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of <h1>Central Government to Set Up Dispute Resolution Committees Under Income-tax Act Section for Penalty Waivers and Immunity</h1> The Central Government shall establish one or more Dispute Resolution Committees (DRCs) to resolve disputes arising from specified orders under the Income-tax Act for eligible persons or classes of persons meeting prescribed conditions. The DRCs have authority to reduce or waive penalties and grant immunity from prosecution related to disputes resolved under this chapter. Upon receiving a DRC order, the Assessing Officer must pass or modify assessment orders in conformity within a specified timeframe. The government may notify schemes to enhance dispute resolution efficiency, including technological interfaces and dynamic jurisdiction, with provisions to exempt or modify application of certain Act sections until March 31, 2023. Specified conditions exclude persons subject to certain detention orders, prosecutions, or convictions under various laws, and specified orders are limited by monetary thresholds and exclusions related to certain search or survey actions.
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