Procedure to be followed by the DRC - Income Tax - Ready Reckoner - Income Tax

Procedure to be followed by the DRC [ Para 4(1) of E-dispute Resolution Scheme, 2022 ] Calling for records for further examination - upon admission of the application, DRC may call for records from the income-tax authority and further examine, as it may deem fit, with respect to the issues covered in the application; Seeking report from Assessing Officer - the DRC may seek a report from the assessing officer on the issues covered in the application or on any other issue arising during the course of proceedings; Calling for further information - the DRC may before disposing off the application, call for further information from the assessee or any other person by sending an email to his registered email address; Submission of response within specified time - the assessee shall electronically submit its response to the DRC, within the time specified or such time as may be extended by the DRC; Decision of DRC - after considering the material available on record, including any further information or evidence received from the assessee, income-tax authority or any other person, may decide to make modifications to the variations in specified order, which are not prejudicial to the interest of the assessee, and decide for waiver of penalty and immunity from prosecution in accordance with the provisions of Rule 44DAC , and pass an order of resolution accordingly; or to not make modifications to the variations in the specified order, but however may decide for waiver of penalty and immunity from prosecution provisions in accordance with the provisions of Rule 44DAC , and pass an order of resolution accordingly, which shall be treated as an order not prejudicial to the interest of the assessee; or to not make any modification to the specified order, and pass an order disposing off the application, which shall be treated as an order not prejudicial to the interest of the assessee, within 6 months from the end of the month in which application for dispute resolution is admitted by the DRC; Serving copy of order to AO and assessee - the DRC shall serve a copy of the order of resolution or order disposing off the application, as the case may be, upon the assessee and also the assessing officer for giving effect to the same, if so required; No appeal or reference will lie against the modified order - where the specified order is an order of the eligible assessee as referred to in Section 144C(1) of the Act, the assessee shall not be eligible to file any reference to the Dispute Resolution Panel or an appeal to the Commissioner (Appeals) against the modified order; Serving copy of modified order to assessee - the assessing officer shall serve a copy of the modified order along with notice of demand upon the assessee specifying a date for making payment of demand; Assessee to furnish proof of payment of demand - the assessee shall, furnish proof of payment of the said demand to the Dispute Resolution Committee and also to the assessing officer; Grant of immunity from prosecution and waiver of penalty - the Dispute Resolution Committee shall, on receipt of confirmation of payment of demand, by an order in writing, grant immunity from prosecution and waiver of penalty if applicable, in accordance with the provisions of Rule 44DAC .