CA Final · Direct Tax Laws & International Taxation · Dispute Resolution
Under section 379(2) of the Income-tax Act, 2025, which action may the Dispute Resolution Committee take for a person whose dispute is resolved, subject to prescribed conditions?
The Committee may modify the variations in the specified order, reduce or waive any penalty imposed or imposable, and grant immunity from prosecution for offences under the Act, subject to prescribed conditions. It has no power to alter tax rates or remand the case.
- AModify variations, reduce or waive penalty imposed or imposable, and grant immunity from prosecutionCorrect
- BOnly modify variations, without touching penalty or prosecution
- CSet aside the order and direct a fresh assessment by another officer
- DReduce tax rates applicable to the person for the tax year
Explanation
Section 379(2) empowers the Committee to modify variations in the specified order, reduce or waive penalty imposed or imposable, and grant immunity from prosecution. It does not allow changing tax rates or setting aside orders.
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