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    <title>Constitution of Dispute Resolution Panel (DRPs) in eight cities notified</title>
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    <description>Notification establishes the Dispute Resolution Panel (DRP) under section 144C to review proposed variations in returned income; eligible taxpayers (notably foreign companies and domestic companies with transfer pricing issues) may apply to the three-member DRP collegium within one month of receiving a draft assessment order for directions to the assessing officer, and the DRP&#039;s directions are binding on the assessing officer though the taxpayer may still appeal the assessment order to the Income Tax Appellate Tribunal.</description>
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      <description>Notification establishes the Dispute Resolution Panel (DRP) under section 144C to review proposed variations in returned income; eligible taxpayers (notably foreign companies and domestic companies with transfer pricing issues) may apply to the three-member DRP collegium within one month of receiving a draft assessment order for directions to the assessing officer, and the DRP&#039;s directions are binding on the assessing officer though the taxpayer may still appeal the assessment order to the Income Tax Appellate Tribunal.</description>
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