Direct Tax Vivad Se Vishwas Scheme establishes settlement, payment and limited immunity mechanisms plus administrative rule making powers. The Direct Tax Vivad Se Vishwas Scheme sets a framework for settling specified direct tax disputes by defining covered terms, prescribing declarant liabilities, detailing declaration particulars and the time and manner of payment of tax arrears, and providing that amounts paid are not refundable. It grants limited immunity from proceedings and penalties for qualifying cases, disallows Scheme benefits in other proceedings and excludes certain cases from applicability, and vests the Central Board and Central Government with powers to issue directions, remove implementation difficulties, and make rules; the Chapter takes effect on government notification.
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Provisions expressly mentioned in the judgment/order text.
Direct Tax Vivad Se Vishwas Scheme establishes settlement, payment and limited immunity mechanisms plus administrative rule making powers.
The Direct Tax Vivad Se Vishwas Scheme sets a framework for settling specified direct tax disputes by defining covered terms, prescribing declarant liabilities, detailing declaration particulars and the time and manner of payment of tax arrears, and providing that amounts paid are not refundable. It grants limited immunity from proceedings and penalties for qualifying cases, disallows Scheme benefits in other proceedings and excludes certain cases from applicability, and vests the Central Board and Central Government with powers to issue directions, remove implementation difficulties, and make rules; the Chapter takes effect on government notification.
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