CBDT constitutes Dispute Resolution Committee; notifies e-Dispute Resolution Scheme, 2022
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- By Chetan Kulasri
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- Last Updated on 7 April, 2022
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Notification No. 26 /2022 and 27/2022, dated 05-04-2022
The Finance Act, 2021 has inserted Section 245MA to provide for the constitution of ‘Dispute Resolution Committee’ (DRC). DRC will provide an opportunity to resolve a dispute arising from any variation in the ‘Specified Order’ and fulfils the ‘Specified Conditions’.
The CBDT has notified rules for constitution of DRC and also notified e-Dispute Resolution Scheme, 2022 to dispose of application facelessly.
The Central Government shall constitute a DRC for every region of the Principal Chief Commissioner of Income-tax for dispute resolution. An application to the DRC shall be made in Form No. 34BC by the person, who opts for dispute resolution under section 245MA. Such application shall be accompanied by a fee of Rs. 1,000.
The DRC, subject to prescribed conditions, shall grant 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.
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