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Amendment in section 245MA of the Act related to Dispute Resolution Committee

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..... ecified persons who may opt for dispute resolution under the said section and who fulfil specified conditions mentioned in the said section. 2. After the resolution of the dispute by the DRC the assessed income of the person who had applied to DRC has to be determined, which will be followed by, inter alia, initiation of penalty proceedings, if any and issuance of demand notice under section 156 .....

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