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        Corp. Laws, SEBI & IBC

        Sabka Vishwas – Legacy Dispute Resolution Scheme

        February 10, 2020

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        The details of total amount of funds that are locked up in cases at various quasi-judicial, appellate and judicial forums under Service Tax and Central Excise put together as on dated 31.12.2019 are as follows:

        Serial No.

        Forum

        Number

        Amount (Rs. in Cr.)

        1.

        Supreme Court

        2327

        31088.96

        2.

        High Court

        9952

        45893.47

        3.

        CESTAT

        51841

        184860.65

        4.

        Commissioner (Appeals)

        16068

        8015.86

        5.

        Adjudication (Upto Commissioner)

        64368

        145313.85

        6.

        Total

        144556

        415172.83

        The total number of settlements done under the Sabka Vishwas (Legacy Dispute Resolution Scheme, 2019) as on dated 05.02.2020 are 49,534 and amount involved in these cases is 24,970 crores.

        This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in a written reply to a question in Lok Sabha today.

        ****

        RM/KMN

        Legacy tax dispute resolution: widespread funds locked in litigation, scheme settlements reported to reduce contested liabilities. Aggregate figures show extensive funds remain locked in tax litigation across appellate and judicial forums for Service Tax and Central Excise, with contested amounts quantified by forum and a consolidated total provided. The release also reports operational results of the Sabka Vishwas (Legacy Dispute Resolution) Scheme
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Legacy tax dispute resolution: widespread funds locked in litigation, scheme settlements reported to reduce contested liabilities.

                                Aggregate figures show extensive funds remain locked in tax litigation across appellate and judicial forums for Service Tax and Central Excise, with contested amounts quantified by forum and a consolidated total provided. The release also reports operational results of the Sabka Vishwas (Legacy Dispute Resolution) Scheme




                                Note: It is a system-generated summary and is for quick reference only.

                                Topics

                                ActsIncome Tax
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