BRIDGING THE DISPUTE-TRUST DIVIDE

for Minimizing Tax-related Litigation

Avail this golden opportunity Settle your Income Tax disputes

KEY DATE

Pay by 31st March, 2020 to avoid higher payment

ELIGIBILITY

  • Appeals/ writs filed on or before 31.01.2020 and pending.
  • Orders for which lime for filing appeal has not expired on 31.01.2020.
  • Cases pending before Dispute Resolution Panel (DRP) on 31.01.2020.
  • Cases where DRP issued direction on or before 31.01.2020 but no order has been passed.
  • Cases where assessee filed revision (Section 264) on or before 31.01.2020.
  • Search case if the disputed tax is less than Rs. 5 Crore in a year.
  • The appeals/ writs filed by taxpayers or the department.
  • Disputes where the payment has already been made shall also be eligible.
  • Cases in arbitration in India or Abroad.

DISPUTES COVERED

All disputes. subject to some exclusion. in relation to the-

(i) Disputed tax

(ii) Disputed penalty

(iii) Disputed interest

(iv) Disputed fee

(iv) Disputed tax deducted at source (TDS) or tax collected at source (TCS)

SALIENT FEATURES… PAYMENT TERMS

Payment made on or before Appeal relates to disputed tax Appeal relates only to disputed penalty or interest or fee
31st March 2020 100% of the disputed tax (125% In search cases) 25% of the disputed penalty or Interest or fee
End date

(30th June 2020)

110% of the disputed tax

(135% in search cases) such that it does not increase total demand

30% of the disputed penalty or interest or fee
If an issue In taxpayer’s pending appeal already decided in his favour by appellate forum or if Department has filed appeal on an issue, amount payable is 50% of aforesaid amounts.

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