Cabinet approves amendment of Direct Tax Vivad se Vishwas Bill, 2020
The Union Cabinet approved the amendment of the Direct Tax Vivad se Vishwas Bill, 2020, so that it also covers the litigations pending in debt recovery tribunals (DRTs) across the country. The scheme can be availed in search and seizure procedures, where the recovery is up to ₹5 crore.
Vivad se Vishwas Bill, 2020 is aimed at providing resolution of disputed direct taxes. More than ₹9-lakh crore of direct taxes is pending in litigation in India.