A Direct Tax Vivad se Vishwas Scheme, 2024 is proposed to ...

Budget: Introducing Direct Tax Vivad se Vishwas Scheme 2024 for settling tax disputes, reducing litigation cost-effectively.

July 28, 2024

Notes Bill

A Direct Tax Vivad se Vishwas Scheme, 2024 is proposed to provide a mechanism for settlement of disputed tax issues, reducing litigation without significant cost to the exchequer. The Scheme aims to address the mounting pendency of appeals at the Commissioner of Income-Tax (Appeals) level, building on the success of the previous Vivaad Se Vishwas Act, 2020. It will come into force and have a last date as notified by the Central Government. The Scheme offers an opportunity for taxpayers and the Department to resolve pending appeals through an expeditious disposal mechanism.

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A Direct Tax Vivad se Vishwas Scheme, 2024 is proposed to ...

Budget: Introducing Direct Tax Vivad se Vishwas Scheme 2024 for settling tax disputes, reducing litigation cost-effectively.

July 28, 2024

Notes Bill

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THE DIRECT TAX VIVAD SE VISHWAS BILL, 2020 - AS INTRODUCED IN LOK SABHA

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Clarification on provisions of the Direct Tax Vivad se Vishwas Act, 2020 - Circular

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The Direct Tax Vivad se Vishwas Scheme, 2024 (DTVSV Scheme) provides for resolution of pending income tax litigation. Key clarifications are: Appeals pending as on 22.07....

The Central Government issued an Order u/s 98(1) of the Finance (No.2) Act, 2024 to remove difficulties in implementing the Direct Tax Vivad Se Vishwas Scheme, 2024. The...

HC determined that the Direct Tax Vivad Se Vishwas Scheme's benefits extend beyond cases with existing appeals, writs, or special leave petitions. The court interpreted...

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The CBDT extended the due date for determining the amount payable under column (3) of the Table in section 90 of the Direct Tax Vivad Se Vishwas Scheme, 2024 from 31st...

Penalty proceedings u/s 271FA - late filing of the SFT statement Online by the appellant - appellant opted for the Vivad Se Vishwas Scheme and paid the due amount - Form...

Benefit of Direct Tax Vivad Se Vishwas Act 2020 - Correctness of revenue withdrawing the Form 3 declaration already issued in favour of the assessee - The scheme had...

Benefit under Direct Tax Vivad Se Vishwas Act, 2020 was considered for a case where no appeal, writ petition, or special leave petition was pending before the appellate...

The ITAT held that the order passed u/s 263 by the PCIT was in gross violation of the principles of natural justice. The Tribunal observed that the order disregarded the...

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