<h1>Vivad Se Vishwas scheme offers waiver of interest and penalty on disputed direct taxes to reduce litigation.</h1> The Budget proposes a proposed Vivad Se Vishwas scheme allowing taxpayers with pending appeals to settle disputes by paying only the disputed tax amount for waiver of interest and penalty, a statutory enabling of faceless appeal proceedings to extend faceless assessment reforms to appeals, instant PAN allotment online via Aadhaar without detailed application, a mandated Taxpayers' Charter, electronic registration and pre-filling for charitable donation deductions, and amendments to allow amalgamated banks to utilise unabsorbed losses and depreciation.