The Central Board of Direct Taxes (CBDT) has extended Direct Tax Dispute Resolution Scheme 2016 till 31st January, 2017.
The CBDT took the decision in view of the representations received from various stakeholders and for the convenience of the taxpayers. The scheme was to close on 31st December, 2016.
In order to reduce the pending litigation, the Scheme was introduced by the Finance Act, 2016. The Scheme came into force from 1st June, 2016 vide notification S.O. 1902(E) dated 26th May, 2016.
Read the full text of the notification below.
