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of <h1>Income Tax Bill 2025: Clause 275 details DRP referral process for assessment disputes; outlines timelines and decision-making powers.</h1> Clause 275 of the Income Tax Bill, 2025, outlines the procedure for referring assessment disputes to a Dispute Resolution Panel (DRP). When an Assessing Officer proposes a prejudicial variation to an eligible assessee, a draft order is forwarded. The assessee has 30 days to accept or object to the variation. If accepted or unchallenged, the assessment proceeds. If objected, the DRP issues binding directions to the Assessing Officer. The DRP can confirm, reduce, or enhance variations but cannot set aside them. Directions must be issued within nine months, and the assessment completed within one month of receiving directions. The DRP consists of three Principal Commissioners or Commissioners. Certain assessments are exempt from these provisions.
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