CA Final · Direct Tax Laws & International Taxation · Dispute Resolution
A draft order of assessment is received by Zenith Inc, a foreign company, on 10 June. Under section 275, within how many days of receipt must Zenith Inc either file its acceptance of the variations or file objections with the Dispute Resolution Panel and the Assessing Officer?
Zenith Inc must act within thirty days of receiving the draft order. In that period it must either accept the variations by informing the Assessing Officer, or file objections with both the Dispute Resolution Panel and the Assessing Officer, as section 275(2) provides.
- A15 days
- B30 daysCorrect
- C60 days
- D90 days
Explanation
Section 275(2) requires the eligible assessee, within thirty days of receipt of the draft order, to file acceptance with the AO or file objections with both the Panel and the AO. Zenith Inc must therefore act within 30 days of 10 June.
Did you get it right without looking?
One question tells you little. A timed set on Dispute Resolution shows your real accuracy, how long you take and where you lose marks.
More Dispute Resolution questions
- The Dispute Resolution Panel issued directions to the Assessing Officer in the case of Kestrel Inc., a foreign company, and the Assessing Of…
- Zephyr Holdings Inc., a foreign company, receives a draft order of assessment from the Assessing Officer proposing variations prejudicial to…
- Ravi Textiles, an assessee, has a specified order under section 379 in which the aggregate variations proposed are Rs 8 lakh, the order is n…
- A draft assessment order is forwarded to a non-resident eligible assessee, Orion Ltd (a foreign company), on 18 August 2026. Orion files obj…
- A draft order was forwarded to Kestrel Overseas Ltd, a foreign company, which filed objections. The Dispute Resolution Panel found that an a…
- Sunrise Exports Ltd, a foreign company, receives a draft order of assessment from the Assessing Officer under section 275 of the Income-tax …