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of <h1>India's Vivad se Vishwas Bill 2020: Resolving Income Tax Disputes and Reducing Litigation Burden.</h1> The Direct Tax Vivad se Vishwas Bill, 2020, introduced in the Lok Sabha, aims to resolve pending income tax disputes, generate timely revenue, and reduce taxpayer litigation burdens. The circular provides clarifications on the scheme through FAQs, addressing eligibility, scope, and procedural aspects. Appeals pending as of January 31, 2020, before various appellate forums, including cases in arbitration, are eligible. The scheme excludes certain cases, such as those involving undisclosed foreign income or where prosecution is pending. Taxpayers must settle all issues in an appeal, and payment terms vary depending on whether disputes involve tax, penalty, interest, or fees.
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