Circular under section 10 of the Direct Tax Vivad se Vishwas Act, 2020

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..... ishwas Act, 2020 - reg. The Direct Tax Vivad se Vishwas Act, 2020 ( Vivad se Vishwas ) was enacted on 17 th March, 2020 with the objective of inter alia reducing pending income tax disputes, generating timely revenue for the Government and benefitting taxpayers by providing them peace of mind, certainty and savings on account of time and resources that would otherwise be spent on the lo .....

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..... shwas in the case of a declarant. Since orders passed by the DA have a consequential effect under the Act, it has been requested that suitable clarifications may be issued to enable the AO to pass consequential orders under the Act. 4. In view of the foregoing, and in exercise of the powers conferred on the Board under section 10 of Vivad se Vishwas , it is hereby clarified that where the .....

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