Resolve income tax disputes of up to Rs 10 lakh with new Resolution Committee to be formed soon

“While pending disputes are being resolved or adjudicated, it is important that in future there is less number of disputes from fresh assessments. Hence, in order to provide early tax certainty to small and medium taxpayers, it is proposed to introduce a new scheme for preventing new disputes and settling the issue at the initial stage” says the budget memorandum.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3oy9EJD