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The Income-tax Ordinance, 1984

( Ordinance NO. XXXVI OF 1984 )

1Chapter XVIIIB

Alternative Dispute Resolution

Post verification of the agreement.
152R.(1) The Board may monitor the progress of disposal of the application for ADR in the manner as may be prescribed and ensure necessary support and coordination services.
 
(2) Copies of all agreement or matter of disagreement shall be sent by the Facilitator to the respective Commissioner and Board for verification and ascertainment of whether the agreement is legally and factually correct.
 
(3) After receiving the copy of agreement or matter of disagreement, if it appears to the Board that the alleged agreement is obtained by fraud, misrepresentation or concealment of fact causing loss of revenue, then such agreement shall be treated as void and the matter shall be communicated to the concerned authorities, Tribunal or court for taking necessary action.
 

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    "CHAPTER XVIIIB" was added by section 49 of the Finance Act, 2011 (Act No. XII of 2011) .
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