The Direct Tax Vivad Se Vishwas Scheme, 2024 (DTVVS), reintroduced through the Finance (No. 2) Act, 2024, aims to expedite the resolution of income-tax disputes, particularly addressing the significant volume of pending appeals.
This scheme builds on the Direct Tax Vivad Se Vishwas Act, 2020, primarily focusing on appeals pending as of July 22, 2024. While similar to its predecessor, notable distinctions include its applicability to non-search cases and a more limited scope of eligible appeals.
This article provides practical illustrations for computing the 'disputed tax' under the DTVVS, 2024.