<h1>Dispute Resolution Panels Established in Eight Cities u/s 144C to Address Tax Disputes for Companies.</h1> The Central Board of Direct Taxes has established Dispute Resolution Panels (DRPs) in eight Indian cities: Delhi, Mumbai, Ahmedabad, Kolkata, Chennai, Hyderabad, Bengaluru, and Pune. These panels, formed under section 144C of the Income Tax Act, 1961, are designed to address disputes involving foreign companies or domestic companies with transfer pricing issues. Companies can apply to the DRP within a month of receiving a draft assessment order. The DRP's directions are binding on assessing officers, but taxpayers can appeal to the Income Tax Appellate Tribunal. The DRP consists of three Commissioners of Income Tax, aiming to reduce grievances and litigation.