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TMI BlogDispute Resolution Panel (DRP) - Section 144CX X X X Extracts X X X X X X X X Extracts X X X X ..... ose; Meaning of Eligible Assessee means:- - Any person in whose case the variation referred to in section 144C(1) arises as a consequence of the order of the Transfer Pricing Officer passed under section 92CA(3) ; and - Any non-resident not being a company, or a foreign company; - w.e.f. 01.09.2024 such eligible assessee shall not Include - person referred to in section 158BA(1) or other person referred to in section 158BD [ Inserted vide Finance (No. 2) Act, 2024 ] . [ Section 144C(15) ] Not applicable of the provisions of this section [ W.e.f. 01.09.2024 ] The provisions of this section shall not apply to any proceedings under Chapter XIV-B ( Special Procedure for Assessment of search Cases) [ Inserted vide Finance (No. 2) Act, 2024 ] . [ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... it, for the guidance of the Assessing Officer to enable him to complete the assessment. 6. Issue of DRP Direction The Dispute Resolution Panel shall, in a case where any objection is received u/s 144C(2), issue such directions, as it thinks fit, for the guidance of the Assessing Officer to enable him to complete the assessment. [ Section 144C(5) ] The Dispute Resolution Panel shall issue the directions referred to in u/s 144C(5), after considering the following, namely:- (a) draft order; (b) objections filed by the assessee; (c) evidence furnished by the assessee; (d) report, if any, of the AO, VO or TPO or any other authority; (e) records relating to the draft order; (f) evidence collected by, or caused to be collected by, it; and (g) resu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cannot challenge direction of DRP. 12. Central Govt. may make and notify scheme for the purpose of Faceless issuance of directions by the DRP till 31 st March, 2025. 13 The provisions of this section shall not apply to any assessment or reassessment order passed by the Assessing Officer with the prior approval of the Principal Commissioner or Commissioner as provided in section 144BA(12). The Central Government may make a scheme, for the purposes of issuance of directions by the dispute resolution panel, so as to impart greater efficiency, transparency and accountability by- (a) eliminating the interface between the dispute resolution panel and the eligible assessee or any other person to the extent technologically feasible; (b) optimising ..... X X X X Extracts X X X X X X X X Extracts X X X X
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