TaxTMI 
TaxTMI 
Income-tax (Seventh Amendment) Rules, 2022
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....ce with effect from the date of their publication in the Official Gazette. 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 Com....
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....ispute Resolution Scheme, 2022, and subject to such conditions as it may think fit to impose for the reasons 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 p....
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....of section 206C of the Act and in respect of which the following conditions are satisfied, namely:-- (A) the aggregate sum of variations proposed or made in such order does 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 re....
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....Road/ Street/ Post Office Area/ Locality Town/City/District State (Select) Country (Select) Pin Code Phone No. with STD code/ Mobile No. Email Address Order against which application is filed 1 Assessment year in connection with which the application is preferred/ Enter financial year in case Application is filed against an 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 ....
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....return has been filed by the assessee for the assessment year in connection with which the application is filed, whether tax due on income returned has been paid in full Yes/No/Not Applicable 6.1 If reply to 8 is Yes, then enter details of return and taxes paid a Acknowledgement number b Date of filing c Total tax paid Statement of facts, Grounds of application and additional evidence 7 Statement of Facts Facts of the case in brief (not exceeding 1000 words) List of documentary evidence relied upon 8 Whether any documentary ev....