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Dispute Resolution Committee (Constitution & Power) - Section 245MA(1) & (2) - Income Tax - Ready Reckoner - Income TaxExtract Dispute Resolution Committee (Constitution Power) - Section 245MA(1) (2) Constitution of DRC - Section 245MA(1) The Central Government shall constitute, one or more Dispute Resolution Committees, The DRC shall resolve disputes of such persons or class of persons, as may be specified by the Board, The assessee would have option to opt for or not opt for the dispute resolution through the DRC. The dispute should arising from any variation in the specified order in his case and who fulfils the specified conditions. Powers of DRC Section 245MA(2) The Dispute Resolution Committee, subject to such conditions, as may be prescribed, shall have the following powers in case of a person whose dispute is resolved under this Chapter. to reduce or waive any penalty imposable under this Act or grant immunity from prosecution for any offence punishable under this Act in case of a person whose dispute is resolved under this Chapter.
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