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In a far reaching step, the Finance Ministry will soon create a separate vertical within the income-tax administrative set-up to meet the current day needs on 'dispute resolution'.
Plans are afoot to set up new dedicated dispute resolution panels (DRPs) across the country, the Revenue Secretary, Shaktikanta Das, said at the 2nd Global Tax Summit, organised by the Confederation of Indian Industry (CII) here on Wednesday.
The new vertical will go a long way in reducing tax litigation in the country, Das said.
Unlike the current regime where existing commissioners double up as DRP members, the newly set-up DRPs will be staffed by dedicated personnel, Das said.
Das also said that the existing DRP framework had "not worked" and therefore the Government is now looking to revamp the administrative system for speedier resolution of disputes.
All efforts will be taken to see that the new DRPs will work in a "neutral and objective manner".
Later, Das told BusinessLine on the sidelines of the summit that the revenue department would soon issue the circular paving the way for creation of DRPs. "It will be on a pan-India basis," Das said when asked if the new DRP framework will be rolled out across the country.
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