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of <h1>Direct Tax Dispute Resolution Scheme 2016: New Mechanism for Resolving Pending Income Tax Appeals Announced. Compliance Due by June 2.</h1> The Direct Tax Dispute Resolution Scheme, 2016, established by the Finance Act, 2016, offers a mechanism for resolving disputes pending before Commissioners of Income Tax (Appeals) as of February 29, 2016. The scheme mandates the notification of a 'designated authority' by the Principal Chief Commissioners of Income Tax. This authority is the jurisdictional Principal Commissioner or Commissioner of Income Tax, as determined under section 120 of the Act. The notification must immediately include all relevant tax authorities, with compliance reported by June 2, 2016.
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