New Delhi: The Central Board of Direct Taxes (CBDT) has introduced an e-Dispute Resolution Scheme (e-DRS) for the redressal of income tax disputes online, thereby providing relief to eligible taxpayers.
Section 245MA of the Income Tax (IT) Act provides for the establishment of Dispute Resolution Committees (DRC). The e-DRS scheme will enable taxpayers to electronically file a complaint to the DRC for dispute resolution. A taxpayer can opt for e-Dispute Resolution against a specified order according to clause (b) of Section 245MA of the act. This includes an order in which the total amount of variations is not more than Rs 10 lakh and the returned income for the relevant assessment year is not more than Rs 50 lakh. A DRC may then make modifications to the variations in the specified order and decide to grant reduction or waiver of penalty according to the Income tax rules, 1962.
The taxpayers can file their application for online dispute resolution in the following manner:
- The taxpayers can file their fresh complaints on the e-filing portal of the IT Department within one month from the date of receipt of the specified order.
- In case an offline appeal has already been filed and is pending before the Commissioner of Income Tax (CIT, Appeals), the e-DRS application is to be filed on or before September 30, 2024.
- If any specified order has been passed on or before August 31, 2024, and the deadline for filing an application against such order has not passed, the appeal for dispute resolution can be filed for e-DRS on or before September 30, 2024.
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