<h1>Direct Tax Vivad se Vishwas Act 2020: Settle Tax Disputes Efficiently with Waived Interest and Penalties for Quick Resolution.</h1> The Direct Tax Vivad se Vishwas Act, 2020, was introduced to resolve pending tax disputes efficiently. It offers taxpayers the opportunity to settle disputes by paying the disputed tax amount with a waiver of interest and penalties. The initiative aims to reduce litigation and expedite revenue collection, benefiting both the government and taxpayers. The Act is part of broader efforts to simplify tax administration and improve compliance. It targets long-standing disputes, providing a framework for resolution and encouraging voluntary disclosure of tax liabilities.