TMI BlogConstitution of Dispute Resolution Committee for small and medium taxpayersX X X X Extracts X X X X X X X X Extracts X X X X ..... terface with the taxpayer, fully faceless. In this backdrop, new schemes for faceless assessment, for faceless appeal at the level of Commissioner (Appeals) and for faceless imposition of penalty have already been made operational. Further, the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 has empowered the Central Government to introduce similar schemes for ot ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n a new section 245MA and has the following features (i) The Central Government shall constitute one or more Dispute Resolution Committee (DRC). (ii) This committee shall resolve disputes of such persons or class of person which shall be specified by the Board. The assessee would have an option to opt for or not opt for the dispute resolution through the DRC. (iii) Only those disputes whe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o be satisfied for being eligible under this provision. (vii) The DRC, subject to such conditions as may be prescribed, shall have the powers to reduce or waive any penalty imposable under this Act or grant immunity from prosecution for any offence under this Act in case of a person whose dispute is resolved under this provision. (viii) The Central Government has also been empowered to make ..... X X X X Extracts X X X X X X X X Extracts X X X X
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