The Mechanism Of Online Dispute Resolution Video
Online Dispute Resolution - Process ConsiderationsThe Mechanism Of Online Dispute Resolution - interesting
Alternate Dispute Resolution ADR is a system introduced by the Federal Board of Revenue FBR whereby the taxpayer can refer the contentious issues for consideration and recommendations of the independent experts on the subjects of Income Tax, Sales Tax, Customs and Federal Excise Duty FED and make an out of court settlement with the tax collector in the light of such recommendations. Alternative dispute resolution mechanism is a system that operates side by side with the existing conventional appellate system but with simple procedures and lesser technicalities. The key objective of introducing the ADR is expeditious resolution of contentious issues between the taxpayer and tax collector with no hardship to the taxpayers by independent experts free of cost. Any matter pending before an Appellate Authority, except where prosecution proceedings have been initiated or where interpretation of question of law having effect on identical other cases is involved. Any dispute pending in any Court of law or any Appellate Authority pertaining to liability of customs duty, admissibility of refund or rebate, waiver or fixation of penalty or fine, confiscation of goods, relaxation of any time period or procedural and technical condition, except in the cases where first information reports FIRs have been lodged or criminal proceedings initiated or where interpretation of question of law having larger revenue impact in the opinion of the Federal Board of Revenue is involved. An aggrieved person desirous of referring a matter for ADR, can submit an application in writing to the Chairman, FBR on the prescribed format. The taxpayer shall detail the nature of dispute or cause of hardship as to why the applicant believes that there exists a dispute or hardship. After the formation and notification of the committee, the members of the committee are informed, and the application of the taxpayer along with related documents is forwarded to all the members. The committee members determine the issue s involved and make their recommendations. The Mechanism Of Online Dispute ResolutionChoose your reason below and click on the Report button. This will alert our moderators to take action. Access the exclusive Economic Times stories, Editorial and Expert opinion.
‘The Perils of Not Having a Dispute Resolution Mechanism’
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In line with its endeavour to make the interaction between tax authorities and the common man faceless, the FM has announced the extension of faceless assessment scheme to appellate tribunals to ITAT also. The move extends the faceless mechanism to tax dispute resolution mechanism as well.
It proposes Mechanisk extend the faceless assessment scheme to at least eight processes in income tax law. The move will remove any interface between the taxpayer and tax authorities.
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