Senior officials of the Union finance ministry and CBDT will hold a nationwide review on Thursday of the cases pending at various legal forums as part of launching a scheme announced in the budget to settle disputed tax cases between the Income Tax (IT) Department and taxpayers, officials said.
The interaction via video-conferencing is expected to be chaired by Revenue Secretary A B Pandey, along with CBDT Chairman P C Mody, and they will talk to all the regional chiefs of the department in the country. Apart from analysing the pending cases, the meeting is expected to chalk out plans for an effective outreach and collection under the scheme, the officials said.
The progress of revenue collection under the direct taxes category will also be reviewed during the meeting, they added.
The Union cabinet also approved changes in the Vivad se Vishwas Bill, 2020 on Wednesday with a view to increase its scope to cover litigations pending in various debt recovery tribunals (DRTs).
A similar review of the proposed scheme to look into the data on pendency of appeals in high courts and income tax appellate tribunals (ITATs) for the “Vivad se Vishwas” (from dispute to trust) scheme was undertaken on Wednesday by a CBDT member in-charge of the subject.
Finance Minister Nirmala Sitharaman had proposed this direct tax dispute resolution scheme, which provides an opportunity to the taxpayers to pay their outstanding taxes and get a waiver of interest and penalty, in her budget speech on February 1.