Bombay High Court Strikes Down Condition In DTVSV To Benefit Assessee

Oerlikon Balzers Coating India Private Limited Vs Union of India (Bombay High Court) GIST 14. It is not in dispute that the DTVSV-A was enacted with the objective of, inter alia, reducing pending income tax disputes, generate timely revenue for the Government and benefit taxpayer by providing them peace of mind, certainty and savings on account of time and resources that would otherwise be spent on the long-drawn and vexatious litigation process to resolve the disputes. Such disputes emanate from appeals filed by the taxpayer against the orders passed by the Income Tax Authorities and result i...