TaxTMI 
TaxTMI 
Income-tax (Seventh Amendment) Rules, 2022
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....zette. 2. In the Income-tax Rules, 1962 (hereinafter referred to as the principal rules), after PART IX-A, the following PART shall be inserted, namely:-- 'PART IX-AA DISPUTE RESOLUTION COMMITTEE 44DAA. Constitution of Dispute Resolution Committee.-- (1) The Central Government shall constitute a Dispute Resolution Committee for every region of Principal Chief Commissioner of Income-tax for dispute resolution, as provided under the Chapter XIX-AA of the Act. (2) Each Dispute Resolution Committee shall consist of three members, as under:-- (a) two members shall be retired officers from the Indian Revenue Service (Income-tax), who have held the post of Commissioner of Income-tax or any equivalent or higher post for five years or more; an....
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....sons to be recorded in writing, grant to the person who made the application for dispute resolution under section 245MA of the Act, waiver of penalty imposable or immunity from prosecution or both, in respect of the order which is the subject matter of resolution, if it is satisfied that such person has,-- (i) paid the tax due on the returned income in full if available; and (ii) co-operated with the Dispute Resolution Committee in the proceedings before it. (2) Notwithstanding anything contained in sub-rule (1), no immunity shall be granted by the Dispute Resolution Committee in a case where the proceedings for the prosecution for an offence have been initiated before the date of receipt of the application, as referred to in clause (i....
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....not exceed ten lakh rupees; (B) the return has been furnished by the assessee for the assessment year relevant to such order and the total income as per such return does not exceed fifty lakh rupees; and (C) the order in the case of the assessee is not based on,-- (I) search initiated under section 132 of the Act or requisition made under section 132A of the Act in the case of the assessee or any other person; or (II) survey carried out under section 133A of the Act; or (III) information received under an agreement referred to in section 90 or 90A of the Act. Explanation: For the purposes of clause (e) of sub-rule (ii), the variation in the specified order relating to default in deduction or collection of tax at source, shall re....
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.... order where assessment year is not relevant Assessment Year Financial Year 2 Details of specified order against which application is filed a Section and sub-section of the Income-tax Act, 1961 b Date of Order c Date of service of Order / Notice of Demand 3 Income-tax Authority passing the specified order Application Details 4 a Amount of Income Assessed (in Rs.) b Total Addition to Income (in Rs.) c In case of Loss, total disallowance of Loss in assessment (in Rs.) d Amount of Addition/ Disallowance of Loss disputed in application (in Rs.) e Amount of Disputed Demand (in Rs.) - Enter Nil in case of Loss Pending Application 5 Whether an application in relation to any other assessment year/ finan....