New scheme to end I-T disputes won't attract Vodafone, Cairn: Experts

FM added that in the past, the Modi-led government had taken several measures to reduce tax litigations

The finance minister announced a new scheme Vivad Se Vishwas in the Budget, to end all pending income tax (I-T) disputes. Tax experts, however, say this will not attract big cases such as Vodafone and Cairn Energy, given the government is seeking 100 per cent of the tax demand up-front by March. Nevertheless, the schemes has waived off penalty and interest. 

‘’We have to wait for details of the scheme, as only the announcement has been made. However, to expect 100 per cent of the tax demand to be paid, particularly in the context that many of these demands are highly