Skip to content

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

Zephyr Components Ltd, a foreign company, receives a draft order of assessment from the Assessing Officer under the Income-tax Act, 2025 proposing variations prejudicial to its interest. It is an eligible assessee and wishes to contest the variations. Within how many days of receiving the draft order must it file objections with the Dispute Resolution Panel and the Assessing Officer?

The foreign company must file its objections with both the Dispute Resolution Panel and the Assessing Officer within thirty days of receiving the draft order, because section 275(2) prescribes a thirty-day window for either accepting the variations or objecting to them.

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

Explanation

Section 275(2) requires the eligible assessee, within thirty days of receipt of the draft order, either to accept the variations or to file objections with both the Dispute Resolution Panel and the Assessing Officer. Fifteen, forty-five or sixty days have no basis in the provision.

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.

Practise Dispute ResolutionFree diagnostic mock

More Dispute Resolution questions