Reference to Dispute Resolution Panel.

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....ctions, if any, to such variation with,- (i) the Dispute Resolution Panel; and (ii) the Assessing Officer. (3) The Assessing Officer shall complete the assessment on the basis of the draft order, if- (a) the assessee intimates to the Assessing Officer the acceptance of the variation; or (b) no objection is received within the period specified in sub-section (2). ^1[(4) (a) The Assessing Officer shall, irrespective of anything contained in section 286, pass the assessment order under sub-section (3) within one month from the end of the month in which,- (i) the acceptance is received; or (ii) the period of filing of objections under sub-section (2) expires. (b) Irrespective of any....

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.... out of the assessment proceedings relating to the draft order, irrespective of the fact that such matter was not raised by the eligible assessee. (10) If the members of the Dispute Resolution Panel differ in opinion on any point, the point shall be decided as per the opinion of the majority of the members. (11) Every direction issued by the Dispute Resolution Panel shall be binding on the Assessing Officer. (12) No direction under sub-section (5) shall be issued unless an opportunity of being heard is given to the assessee, and the Assessing Officer, on such directions which are prejudicial to the interest of the assessee, or the interest of the revenue, respectively. (13) No direction under sub-section (5) shall be issued afte....

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....legium comprising of three Principal Commissioners or Commissioners of Income-tax constituted by the Board for this purpose; (b) "eligible assessee" means,- (i) any person in whose case the variation referred to in sub-section (1) arises as a consequence of the order of the Transfer Pricing Officer passed under section 166(6); (ii) any non-resident (not being a company), or any foreign company. (18) The eligible assessee referred to in sub-section (17) shall not include person referred to in section 292(1) or other person referred to in section 295. (19) The provisions of this section shall not apply to any proceedings under Chapter XVI-B.     ************** NOTES:- 1.  Subst....