Last seen 12 months ago
Member since Dec 29, 2023
Karma
The creation of a dispute resolution panel (DRP) to settle disagreements resulting from a draft assessment decision is covered by section 144b of the Income tax. The taxpayer has the option to contact the DRP prior to the final assessment thanks to Section 144B of the Income Tax Act. By using an alternate dispute resolution method, the goal is to expedite the resolution of tax-related disputes while maintaining justice and streamlining the process. By serving as a middleman, the DRP adds another level of examination and makes the tax dispute resolution procedure run more smoothly.
No comments found
No comments found