Page 2 - Tax Disputes

Best of BS Opinion: Targeting taxpayers, Bharat Ratna for Dr Kurien & more

Here are the best of Business Standard's opinion pieces for Friday

Targeting taxpayers

Tax department should not issue notices indiscriminately

Centre mulls Ordinance for past tax assessment as litigation mounts

Many assessees have challenged reassessment notices under old law

Vivad se Vishwas scheme collected Rs 54,000 cr till March 1: MoS Finance

128,733 declarations filed to resolve tax disputes of Rs 98,328 crore

Time to move on

Govt should end its retrospective tax disputes

Rs 97k cr disputed sum offered for settlement under Vivad Se Vishwas

So far, 1,25,144 cases have opted for the Vivad se Vishwas (VsV) Scheme, which is 24.5 per cent of the 5,10,491 cases that were pending at different legal fora

Vivad se Vishwas: Direct tax dispute resolution scheme may be extended

This is due to dismal participation and industry representations seeking more time for declaration

Tax litigation: If your case is weak, opt for Vivad se Vishwas Scheme

Consider factors like your chances of winning, cost of litigating, consequences of losing, implications of carrying forward losses, and so on and then decide whether to participate in the scheme

As Vivad Se Vishwas scheme draws to close, tax officers face the heat

Vivad Se Vishwas scheme allows the waiver of interest, penalty, and prosecution for settling tax disputes due up to January 31, 2020

Govt to study legal options after losing Vodafone arbitration case

"The govt will be studying the award and all its aspects carefully in consultation with our counsels," Finance Ministry said in a statement, adding that it will consider all options

Cross-border tax disputes: ITAT orders to overrule MAP outcomes, says CBDT

Direct tax board issues detailed guidance on mutual agreement procedure, or MAP

Rules amended for faster resolution of MNCs' tax disputes under MAP

The move will help in speedy settlement of cases of multinational corporations which have opted for the alternative dispute resolution process

Govt may allow EMIs for Vivad se Vishwas scheme amid Covid-19 crisis

The scheme requires payments to be made before June 30, which appears difficult for most businesses facing cash crunch and near-term economic uncertainty due to the lockdown.

Vivad se Vishwas: Let this be the last scheme

We need innovative solutions to address tax litigation

I-T dept wants Goa PSUs to use Vivad se Vishwas scheme to resolve disputes

Total Rs 2 crore tax dues are still pending with five PSUs run by the state government, said Chief Commissioner of Income Tax (Goa)

Coronavirus outbreak may delay roll-out of Vivad se Vishwas scheme

Disputes relating to wealth, securities transactions, commodities transaction tax, and the equalisation levy are not covered under the scheme.

Wealth tax, STT, CTT disputes kept out of 'Vivad Se Vishwas' scheme

The liability would go up to 110 per cent (135 per cent in search cases) if the taxpayer pays between April 1-June 30

Vivaad Se Vishwas scheme to help save time, money in fighting disputes: FM

As many as 4.83 lakh direct tax cases worth Rs 9.32 lakh crore are locked up in various appellate forums such as Commissioner (Appeals), ITAT, High Courts, Supreme Court and Debt Recovery Tribunals

CBDT to link field officers' appraisals, postings with 'Vivad se Vishwas'

'Vivad se Vishwas' scheme for resolving income tax cases was announced during the 2020-21 Budget presentation by Finance Minister Nirmala Sitharaman

Jammu and Kashmir extends amnesty schemes till June 30 for tax disputes

The scheme is well tailored to cover the period up to July 7, 2017