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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