In a bid to address the challenges of implementing the Direct Tax Vivad Se Vishwas Scheme, 2024, The Central Board of Direct Taxes (CBDT), has given a clarification via a gazette notification on January 20, 2025.
The scheme Through the Finance (No. 2) Act, 2024, has been enacted and come into force from October 1, 2024, seeking to solve the direct tax issues.
Specific cases have held complications including the cases where-
Appeals were filed after July 22, 2024, within the permissible period.
The appeal was submitted without an application for delay condonation.
An order was passed before the cited date of July 22, 2024.
On the said date the time to provide an appeal against the same order was still valid.
To remove the ambiguity Central Government is mandated that such appeals will be regarded as due as of July 22, 2024. These appellants will be considered eligible under the scheme, and the disputed tax will be calculated based on the submitted appeals. The related scheme rules will be applicable before these cases.
The issued order Under Section 98 of the Finance (No. 2) Act, 2024 cites the dedication of the government to solve the tax disputes ensuring transparency in the procedural norms.
Taxpayers are advised to analyze their cases and seek professional support to get the advantage from the scheme before its mentioned deadlines.
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