dispute resolution scheme IT

The Union Budget 2024 witnessed the announcement of a sequel to the widely popular and successful ‘vivad se vishwas’ dispute settlement scheme introduced by the Government in 2020, in an attempt to reduce litigation and unlock revenues under disputes for the government. On September 19, 2024, the Central Board of Direct Taxes formally notified the Direct Tax Vivad Se Vishwas Scheme 2024 (“VSVS 2.0” or “Scheme”) to take effect from October 1, 2024 along with applicable rules and forms governing the procedure for implementation of the Scheme.

Press Release

CBDT rolls out Dispute Resolution Scheme (e-DRS), 2022, to minimise litigation

byAdmin31/08/202431/08/2024

the Central Board of Direct Taxes (CBDT) had notified the e-Dispute Resolution Scheme, 2022 (e-DRS) with the aim to reduce litigation and provide relief to eligible taxpayers. Section 245MA of the Act also provides for the constitution of Dispute Resolution Committees (DRC).

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