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CA Final · Direct Tax Laws & International Taxation · Dispute Resolution

Sunrise Exports Ltd, a foreign company, receives a draft order of assessment from the Assessing Officer under section 275 of the Income-tax Act, 2025 proposing a variation prejudicial to its interest. The draft order is received on 10 June. Within how many days of receipt must the assessee file its acceptance or its objections?

The eligible assessee has thirty days from receipt of the draft order to either accept the variation before the Assessing Officer or file objections with both the Dispute Resolution Panel and the Assessing Officer, as provided in section 275(2).

  1. AFifteen days
  2. BThirty daysCorrect
  3. CForty-five days
  4. DSixty days

Explanation

Under section 275(2), the eligible assessee must, within thirty days of receiving the draft order, either file acceptance with the Assessing Officer or file objections with the Dispute Resolution Panel and the Assessing Officer. Fifteen, forty-five and sixty days are not the periods prescribed in the section.

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