https://www.taxtmi.com/article/detailed?id=1038 The statute mandates a Dispute Resolution Panel procedure for specified cases where the AO proposes prejudicial variations: the AO must forward a draft assessment order to the eligible assessee, who may accept or file objections with the DRP; if objections are filed the DRP-three Commissioners-considers draft order, objections, evidence and reports, may confirm, reduce or enhance proposed variations (but may not remit issues), and issues directions binding on the AO, who must complete assessment accordingly; appeals against DRP based assessments lie to the ITAT, not to the CIT(A). en-us Tue, 30 Nov 2010 00:00:00 +0530 Wed, 01 Dec 2010 15:58:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1038 The statute mandates a Dispute Resolution Panel procedure for specified cases where the AO proposes prejudicial variations: the AO must forward a draft assessment order to the eligible assessee, who may accept or file objections with the DRP; if objections are filed the DRP-three Commissioners-considers draft order, objections, evidence and reports, may confirm, reduce or enhance proposed variations (but may not remit issues), and issues directions binding on the AO, who must complete assessment accordingly; appeals against DRP based assessments lie to the ITAT, not to the CIT(A). Articles Income Tax Tue, 30 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=1038