https://www.taxtmi.com/news?id=23811 The Vivad se Vishwas Scheme produced substantial voluntary filings and payments, aiding resolution of a notable share of pending tax disputes and releasing revenue tied up in litigation. Procedural reforms aim to reduce in-person interface by using technology: the Faceless Appeals Scheme excludes specified serious and sensitive matters. The Finance Bill, 2021 proposes faceless ITAT proceedings, Dispute Resolution Committees for small taxpayers with penalty and prosecution relief powers, replacement of the AAR by Boards for Advance Rulings, and an Interim Board to handle settlement cases after discontinuance of the Income-tax Settlement Commission. en-us Mon, 08 Mar 2021 18:46:28 +0530 Mon, 08 Mar 2021 18:46:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23811 The Vivad se Vishwas Scheme produced substantial voluntary filings and payments, aiding resolution of a notable share of pending tax disputes and releasing revenue tied up in litigation. Procedural reforms aim to reduce in-person interface by using technology: the Faceless Appeals Scheme excludes specified serious and sensitive matters. The Finance Bill, 2021 proposes faceless ITAT proceedings, Dispute Resolution Committees for small taxpayers with penalty and prosecution relief powers, replacement of the AAR by Boards for Advance Rulings, and an Interim Board to handle settlement cases after discontinuance of the Income-tax Settlement Commission. News - Mon, 08 Mar 2021 18:46:28 +0530 https://www.taxtmi.com/news?id=23811