Govt makes tax dispute resolution scheme attractive, expands scope

Cabinet approves changes to include litigation across forums

Dilasha Seth New Delhi
Govt makes tax dispute resolution scheme attractive, expands scope

Making the direct tax dispute resolution scheme attractive, the Union Cabinet on Wednesday expanded its scope to cover litigation pending in arbitration forums and debt recovery tribunals (DRTs). The scheme will also include cases related to revision and small-value search disputes. 
The Cabinet also reduced the disputed amount by half for those assessees who got favourable orders but the income-tax department challenged those. 
The move comes a week after Finance Minister Nirmala Sitharaman introduced the Direct Tax Vivad se Vishwas Bill, 2020, in the Lok Sabha to resolve disputed tax cases, amounting to Rs 9.3 trillion, giving effect to the Budget announcement.

Also Read

Govt offers resolution for pre-GST disputes with tax authorities

Lenders likely to opt for IBC for debt resolution of big accounts

WTO dysfunction gives us a breather

Lenders may miss RBI's six-month deadline to approve debt-resolution plans

GST and dispute resolution

Opec cuts 2020 demand forecast by a third amid Coronavirus worries

Govt looking at final bill after cabinet okays funds for 3 insurance firms

Tunnel works worth over Rs 1 trn to be undertaken in next 5 years: Gadkari

India to remain a stretched society forever, says N Chandrasekaran

Awaiting lift-off: What keeps India's share of global space biz grounded

First Published: Feb 13 2020 | 1:40 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to