Clarification regarding the scope of Vivad se Vishwas Act, 2020

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Full Text of the Document

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....providing them peace of mind, certainty and savings on account of time and resources, the Direct Tax Vivad se Vishwas Act, 2020 (hereinafter referred to as 'VsV') was enacted on 17th March, 2020. The settlement provisions under the Income-tax Act, 1961 (Income-tax Act) provide for an alternate mechanism to a taxpayer who chooses to exit the regular process of assessment which would have resulted ....