Following the success of Direct Tax Vivad se Vishwas Scheme,
2020, the CBDT through Finance (No. 2) Act, 2024 (‘the
Act') introduced Direct Tax Vivad se Vishwas Scheme
(‘VSV Scheme'), 2024 to facilitate the expeditious
settlement of pending disputes and to reduce the mounting
litigations/appeals/writ/special leave petitions
(‘SLP')/revision application. The CBDT through
Notification No. 104/2024 dated September 20, 2024, specified the
Rules to govern the scheme and prescribed the relevant Forms in
relation thereto.
Key Highlights:
Commencement Date
- Application for opting the benefit of the scheme can be filed
on or after October 1, 2024.
Disputes Covered
- Appeal, writ, or special leave petition (filed either by the
taxpayer or the tax authorities before Appellate forum
