CBDT Issues New Order to Address Challenges in the Vivad Se Vishwas Scheme 2024

The Central Board of Direct Taxes (CBDT) in a bid to address the emerging challenges from implementing the Direct Tax Vivad Se Vishwas Scheme, 2024, has given a clarification via a gazette notification dated January 20, 2025.

Through the Finance (No. 2) Act, 2024, the scheme has been legislated and come into force from October 1, 2024, aiming to solve the direct tax issues pleasantly.

Particular cases have secured the complications along with the matters in which-

Appeals were filed after July 22, 2024, within the permissible timeframe.

The appeal was submitted without a delay condonation application.

An order was passed before the mentioned date of July 22, 2024.

On the mentioned date the time to furnish a plea against the same order was still valid.

The Central Government to remove the ambiguity has now obligated that these appeals will be considered due as of July 22, 2024. These appellants will be deemed qualified under the scheme, and the disputed tax shall be computed based on the submitted pleas. The pertinent rules of the scheme shall apply to such matters accordingly.

Under Section 98 of the Finance (No. 2) Act, 2024 the issued order shows the devotion of the government to solve the tax disputes while ensuring the clarity in the procedural norms.

It is suggested to taxpayers to review their matters and ask for professional guidance to benefit from the scheme before its specified deadlines.