Govt considering introduction of new 1-time Amnesty Scheme to reduce tax litigation

1. New 1-time tax Amnesty / Dispute Resolution Scheme may be announced in Budget 2023
2. CBIC, CBDT studying possible contours of new Amnesty / Dispute Resolution Scheme
3. New 1-time tax Amnesty Scheme to build on success of similar older schemes
4. New Dispute Resolution Scheme a chance to offload burden of probable future liability
5. Amnesty Scheme may expedite 33,353 customs cases worth 38,293 Cr stuck in litigation
6. CBIC collected Rs. 38,000 Cr under 2019 Sabka Vishwas Legacy Dispute Resolution Scheme
7. CBDT collected Rs. 54,000 Cr under Vivad Se Vishwas Scheme of 2020

Source: CNBCTV18