TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Bill 2022 amends Section 245MA, mandating prompt action by Assessing Officers on Dispute Resolution Committee orders.</h1> Clause 67 of the Finance Bill, 2022, proposes an amendment to section 245MA of the Income-tax Act concerning the Dispute Resolution Committee. A new sub-section (2A) is introduced, mandating that upon receiving an order from the Dispute Resolution Committee, the Assessing Officer must either finalize or modify the assessment, reassessment, or recomputation order in line with the Committee's directions. This action must occur within one month from the end of the month in which the order is received, regardless of section 144C provisions. This amendment is effective from April 1, 2022.
TaxTMI 
TaxTMI 
