Guidance Note on provisions of Direct Tax Vivad se Vishwas Scheme, 2024

Circular No. 12/2024, Dated 15th October, 2024F. No. 370142/22/2024 -TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesSub.: Guidance Note 1/2024 on provisions of the Direct Tax Vivad se Vishwas Scheme, 2024 - reg.1. The Direct Tax Vivad Se Vishwas Scheme, 2024 (hereinafter referred as DTVSV Scheme, 2024) has been enacted vide Chapter IV of Finance (No.2) Act, 2024 to provide for dispute resolution in respect of pending income lax litigation. The objective of the Scheme is to, inter alia, reduce pending income tax litigation, generate timely revenue…