J P Chawla & Co. LLP

Vivad se Vishwas Act 2020 

A tax dispute settlement scheme i.e. Vivad se Vishwas Act under direct tax has been introduced for settling Income tax disputes between taxpayers and the Income tax department. 

The Tax appeals pending as on 31.01.2020 before the appellate forum, writ petitions, revision applications, Dispute Resolution Panel related proceedings and other proceedings of like matter shall be eligible for the Scheme. Such appeals can also be the appeals filed by the Income Tax Department. 

We believe our short analysis of this scheme, available for download below, will help you to understand the fine print of Vivad se Vishwas. 

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