Quick Summary
Direct Tax Vivad se Vishwas Scheme, 2024 The Income-tax Act, 1961 provides for a mechanism of filing of appeals against orders passed under the proceedings of the Act, both by the taxpayer and the Department before respective appellate fora, such as Joint Commissioner of Income-tax (Appeals), Commi
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FAQ :
It is a proposed government scheme designed to provide a mechanism for settling disputed tax issues, thereby reducing litigation.
The 2020 Act was launched to facilitate the expeditious disposal of appeals pending as of 31.01.2020 and received an encouraging response from taxpayers.
It is being introduced due to the rising pendency of tax litigation at various levels, particularly at the CIT(A) level, and to build on the success of the previous scheme.
The scheme is proposed to come into force from a date to be notified by the Central Government.
Yes, the last date for the scheme is also proposed to be notified by the Central Government.
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