The government may have managed to resolve nearly 30 per cent of the pending direct tax disputes under the Vivad se Vishwas (VsV) scheme, but only about 10.07 per cent of the disputed tax amount has been settled, clearly suggesting that large players chose to stay away.
In an interview to Business Standard, Central Board of Direct Taxes (CBDT) Chairman P C Mody attributed the trend to ‘large players being able to afford the cost of litigation’. “This scheme has been a grand success. Rather than focusing on collection, the intent ...
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