Lok Sabha Clears Bill To Reduce Direct Tax Litigation [Read Bill]

The Lok Sabha on Wednesday passed the Direct Tax Vivad se Vishwas Bill, 2020, by voice vote. The Bill, aimed to reduce direct tax litigation, was introduced in the lower house by Finance Minister Nirmala Sitharaman, on February 5, 2020. The Bill provides a mechanism for resolution of disputes related to income tax and corporation tax, pending before any appellate forum as on January...