Terminations of dispute resolution proceedings - Income Tax - Ready Reckoner - Income Tax

Terminations of dispute resolution proceedings [ Para 4(1) of E-dispute Resolution Scheme, 2022 ] The Dispute Resolution Committee may at any stage of the dispute resolution proceedings, if considered necessary, for reasons to be recorded in writing and after giving an opportunity of being heard to the assessee, decide to terminate the dispute resolution proceedings if,- the assessee fails to cooperate during the course of dispute resolution proceedings; or the assessee fails to respond to, or submit any information in response to, a notice issued to him; or the DRC is satisfied that the assessee has concealed any particular material to the proceedings or had given false evidence. the assessee fails to pay the demand as required in notice of demand. Where the dispute resolution proceedings are terminated, the Dispute Resolution Committee shall intimate the income-tax authority for taking necessary action as per the provisions of the Act.