What are additional conditions for an application to be filed before DRC against specified orders?

Ans. An assessee can approach the DRC against the specified orders, by filing Form 34BC, only when the following conditions are satisfied:

1. the aggregate amount of variations proposed or made in such order does not exceed Rs. 10 lakhs;

2. the return has been furnished by the assessee for the assessment year relevant to such order, and the total income as per such return does not exceed Rs. 50 lakhs; and

3. the order is not based on a search initiated under Section 132, requisition under Section 132A, survey under Section 133A, or

4. the order is not based on information received under an agreement referred to in Section 90 or Section 90A.

(Where the variation is relating to default in deduction or collection of tax at source, it shall refer to the amount on which tax has not been deducted or collected).