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of <h1>Assessing officer must serve draft assessment; taxpayer has 30 days; DRP issues binding directions within nine months</h1> Where an assessing officer proposes a variation prejudicial to an eligible taxpayer, the officer must first send a draft assessment to the taxpayer, who has 30 days to accept or object to both the assessing officer and a three-member Dispute Resolution Panel (DRP). If accepted or no objection is filed, the officer completes assessment; if objected, the DRP-after giving a hearing and any further enquiries it deems fit-must issue written, binding directions within nine months, stating points, decisions and reasons, and may confirm, reduce or enhance the proposed variations. The assessing officer must then complete the assessment in conformity with those directions within one month. The section defines eligible taxpayers, excludes certain proceedings, and allows the Board to make rules.
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