(1) Subject to subsection (4), an assessee may apply, for resolution through Alternative Dispute Resolution, of a dispute lying with any Income Tax Appellate Authority or Taxes Appellate Tribunal or any division of the Supreme Court.

(2) An assessee shall, before submitting an application under sub-section (1) with respect to a dispute pending before any division of the Supreme Court, take permission of such Court:

    Provided that where any dispute has already been filed in the form of Writ petition shall not be a subject of Alternative Dispute Resolution.

(3) The application of Alternative Dispute Resolution shall be submitted—

(a) in such form, within such time, accompanied with such fees and verified in such manner as may be prescribed;

(b) to the respective Appellate Income Tax Authority or Taxes Appellate Tribunal or the Registrar of the Court, as the case may be.

(4) An assessee shall submit a statement of the relevant documents, evidence, and legal basis along with the application.

(5) An assessee shall not be eligible to submit an application for alternative dispute resolution if they have not paid the ¹[admitted tax liability] for the relevant assessment year.