Fast Track Settlement Procedure

The Fast Track Settlement Procedure is a streamlined process that helps resolve tax disputes quickly and efficiently. When a taxpayer and tax authorities agree on the facts and the tax liability, they can opt for this method to settle the case without lengthy litigation. It involves submitting a joint application, providing necessary evidence, and obtaining approval from tax authorities. This approach reduces time, costs, and complexity involved in resolving tax disagreements, enabling both parties to reach an amicable resolution efficiently.