Direct Tax Dispute Resolution Scheme 2016: Speedy Tax Appeal Resolutions with Penalty Waivers and Prosecution Immunity.

The Direct Tax Dispute Resolution Scheme 2016 was launched to expedite the resolution of pending tax litigations before the Commissioner of Income Tax (Appeals), benefiting both taxpayers and the tax department. As of February 29, 2016, 259,260 appeals were eligible for the scheme. The scheme offers relief by waiving penalties and providing immunity from prosecution under specific conditions. It mandates a 120-day resolution period and outlines a Standard Operating Procedure for processing declarations. The scheme aims to reduce litigation costs and enhance tax compliance by providing a clear, time-bound process for dispute resolution.

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