The Narendra Modi government’s initiative to reduce litigation in direct tax cases has ignited a flicker of hope among taxpayers with 483,000 cases pending in various courts and appellate forums. But it is only a flicker and the features of the scheme, Vivad Se Vishwas (From Dispute To Trust), may prove to be a big disappointment for many such taxpayers.
If the taxpayer, under the scheme, has lost the case and gone in for an appeal, the assessee can pay 100 per cent of the disputed amount (without penalty and interest) and settle it. This may well result in many ...
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs
Key stories on business-standard.com are available to premium subscribers only.
Already a premium subscriber? LOGIN NOW
First Published: Sun, February 16 2020. 21:25 IST
