MINISTRY OF LAW AND JUSTICE
(Legislative Department)
New Delhi, the 17th March, 2020/Phalguna 27, 1941 (Saka)
The following Act of Parliament received the assent of the President on the 17th March, 2020, and is hereby published for general information:
THE DIRECT TAX VIVAD SE VISHWAS ACT, 2020 NO. 3 OF 2020
[17th March, 2020.]
An Act to provide for resolution of disputed tax and for matters connected therewith or incidental thereto. BE it enacted by Parliament in the Seventy-first Year of the Republic of India as follows:—
1. This Act may be called the Direct Tax Vivad se Vishwas Act, 2020.
2. (1) In this Act, unless the context otherwise requires,—
‘(a) “appellant” means -
(i) a person in whose case an appeal or a writ petition or special leave petition has been filed either by him or by the income-tax authority or by both, before an appellate forum and such appeal or petition is pending as on the specified date;
(ii) a person in whose case an order has been passed by the Assessing Officer, or an order has been passed by the Commissioner (Appeals) or the Income Tax Appellate Tribunal in an appeal, or by the High Court in a writ petition, on or before the specified date, and the time for filing any appeal or special leave petition against such order by that person has not expired as on that date;
(iii) a person who has filed his objections before the Dispute Resolution Panel under section 144C of the Income-tax Act, 1961 and the Dispute Resolution Panel has not issued any direction on or before the specified date;
(iv) a person in whose case the Dispute Resolution Panel has issued direction under sub-section (5) of section 144C of the Income-tax Act and the Assessing Officer has not passed any order under sub-section (13) of that section on or before the specified date;
(v) a person who has filed an application for revision under section 264 of the Income-tax Act and such application is pending as on the specified date;”;
(b) “appellate forum” means the Supreme Court or the High Court or the Income Tax Appellate Tribunal or the Commissioner (Appeals);
(c) “declarant” means a person who files declaration under section 4;
(d) “declaration” means the declaration filed under section 4;
(e) “designated authority” means an officer not below the rank of a Commissioner of Income-tax notified by the Principal Chief Commissioner for the purposes of this Act;
(f) “disputed fee” means the fee determined under the provisions of the Income-tax Act, 1961 in respect of which appeal has been filed by the appellant;
(g) “disputed income”, in relation to an assessment year, means the whole or so much of the total income as is relatable to the disputed tax;
(h) “disputed interest” means the interest determined in any case under the provisions of the Income-tax Act, 1961, where-
(i) such interest is not charged or chargeable on disputed tax;
(ii) an appeal has been filed by the appellant in respect of such interest;
(i) “disputed penalty” means the penalty determined in any case under the provisions of the Income-tax Act, 1961, where—
(i) such penalty is not levied or leviable in respect of disputed income or disputed tax, as the case may be;
(ii) an appeal has been filed by the appellant in respect of such penalty;
(j) “disputed tax”, in relation to an assessment year or financial year, as the case may be, means the income-tax, including surcharge and cess (hereafter in this clause referred to as the amount of tax) payable by the appellant under the provisions of the
Income-tax Act, 1961, as computed hereunder:—
(A) in a case where any appeal, writ petition or special leave petition is pending before the appellate forum as on the specified date, the amount of tax that is payable by the appellant if such appeal or writ petition or special leave petition was to be decided against him;
(B) in a case where an order in an appeal or in writ petition has been passed by the appellate forum on or before the specified date, and the time for filing appeal or special leave petition against such order has not expired as on that date, the amount of tax payable by the appellant after giving effect to the order so passed;
To read more in details, find the enclosed file
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