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Shri Sanjay Malhotra, I.A.S.
Revenue Secretary
Department of Revenue
Ministry of Finance
Government of India
Room No.128-B, North Block
New Delhi – 110 001
Sir,
Re : Bombay Chamber’s representations on issues arising from CBDT’s Circular No. 12/2024 on The Direct Tax Vivaad Se Vishwas Scheme, 2024
We are truly appreciative of the Government’s efforts to reduce direct tax litigation through The Direct Tax Vivaad Se Vishwas Scheme, 2024. We understand that one of the primary objects of the Scheme is to reduce the huge pendency of appeals before Commissioner of Income-tax Appeals (CIT (A))/Joint Commissioner of Income-tax Appeals (JCIT(A)).
We thank Shri Pankaj Jindal, Joint Secretary, TPL II, CBDT for sparing his valuable time on 6th November 2024 to explain the Scheme to our members through a webinar. As discussed during the webinar, while CBDT’s Circular No. 12/2024 (Guidance Note No. 1) on the Scheme containing 35 FAQs provides clarity on many issues, our members still have certain concerns and suggestions. Accordingly, as suggested during the webinar, we are pleased to furnish herewith compilation of suggestions for your kind consideration.
We believe the suggestions are possible to be implemented within the statutory framework of the Scheme and if accepted, will enable the Scheme to be used by many taxpayers to settle pending litigations and result in additional revenue for the Government leading to success of the Scheme. Our representatives shall be happy to discuss the suggestions at a physical/virtual meeting and provide any further clarifications.
Thanking you,
Yours sincerely,
Sandeep Khosla
Director General
