Direct Tax Dispute Resolution Framework News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Updated Jan 18, 2021 | 13:35 IST
The settlement mechanism that is available at present, provides only a one-time opportunity to resolve disputes. There is also a limitation on the kind of cases that can be taken up.
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New Delhi: Finance Minister Nirmala Sitharaman may unveil a new and continuous framework for faster resolution of disputes over direct taxes in the upcoming Union Budget to be presented on February 1. The government is reportedly considering options such as mediation or a permanent dispute resolution system with pre-specified benchmarks on the lines of the ‘Vivad Se Vishwas’ scheme, the
Economic Times mentioned in a report citing an unnamed person familiar to the pre-budget discussions. ....

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