Section 144B of the Income Tax Act addresses the establishment of a dispute resolution panel (DRP) to resolve disputes arising from a draft assessment judgment. Before the final assessment, the taxpayer and the DRP can interact under Section 144B of the Income Tax Act. The objective is to expedite the settlement of tax-related issues while upholding equity and simplifying the procedure through the use of an alternative dispute resolution mechanism. The DRP offers an additional degree of scrutiny and expedites the tax dispute resolution process by acting as a middleman.
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