{"id":14627,"date":"2020-02-25T09:30:35","date_gmt":"2020-02-25T04:00:35","guid":{"rendered":"http:\/\/itatonline.org\/info\/?p=14627"},"modified":"2020-02-25T09:30:35","modified_gmt":"2020-02-25T04:00:35","slug":"download-official-amendments-to-the-direct-tax-vivad-se-vishwas-bill-2020","status":"publish","type":"post","link":"https:\/\/itatonline.org\/info\/download-official-amendments-to-the-direct-tax-vivad-se-vishwas-bill-2020\/","title":{"rendered":"Download Official Amendments To The Direct Tax Vivad Se Vishwas Bill, 2020"},"content":{"rendered":"<p>The CBDT has released the official amendments to the Direct Tax Vivad se Vishwas Bill, 2020, a copy of which is available for download. <\/p>\n<p><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><br \/>\n<!-- responsive --><br \/>\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-client=\"ca-pub-6440093791992877\"\n     data-ad-slot=\"6406297397\"\n     data-ad-format=\"auto\"><\/ins><br \/>\n<script>\n(adsbygoogle = window.adsbygoogle || []).push({});\n<\/script> <\/p>\n<div class=\"journal2\"><a href=\"https:\/\/itatonline.org\/info\/vivad-se-vishwas-bill-amendments\/#blurbdl\">Click here to download the official amendments as released by the CBDT<\/a><\/div>\n<p>The Direct Tax Vivad se Vishwas Bill, 2020 (&lsquo;<em>the  Bill<\/em>&rsquo;) was introduced in the Parliament on 5th Feb, 2020. After  introduction of <em>the Bill<\/em>, a notice  for moving the following amendments to the provisions of <em>the Bill<\/em> has been given to the Parliament on 14th Feb,  2020, which is subject to the approval of and passing by the Parliament and  receiving assent of the President.<\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"5\">\n<tr>\n<td valign=\"top\">\n<p align=\"center\">S. No<\/p>\n<\/td>\n<td valign=\"top\">\n<p align=\"center\">Text of amendments<\/p>\n<\/td>\n<td valign=\"top\">\n<p align=\"center\">Clause    number<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\">\n<p align=\"center\">1.<\/p>\n<\/td>\n<td valign=\"top\">\n<p>Page 1, <em>for <\/em>lines    4-6, <em>substitute &ndash;&ndash;<\/em><\/p>\n<\/td>\n<td valign=\"top\">\n<p align=\"center\">2<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\">\n<p align=\"center\">&nbsp;<\/p>\n<p align=\"center\">&nbsp;<\/p>\n<p align=\"center\">&nbsp;<\/p>\n<p align=\"center\">&nbsp;<\/p>\n<p align=\"center\">&nbsp;<\/p>\n<p align=\"center\">&nbsp;<\/p>\n<p align=\"center\">&nbsp;<\/p>\n<p align=\"center\">&nbsp;<\/p>\n<p align=\"center\">43 of 1961.<\/p>\n<p align=\"center\">&nbsp;<\/p>\n<p align=\"center\">&nbsp;<\/p>\n<p align=\"center\">&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<\/td>\n<td valign=\"top\">\n<p>&lsquo;(a)    &ldquo;appellant&rdquo; means &ndash;&ndash;<br \/>\n      (i) a person in whose case an appeal or a    writ petition or special leave petition has been filed either by him or by    the income-tax authority or by both, before an appellate forum and such    appeal or petition is pending as on the specified date;<br \/>\n      (ii) a person in whose case an order has    been passed by the Assessing Officer, or an order has been passed by the    Commissioner(Appeals) or the Income Tax Appellate Tribunal in an appeal, or    by the High Court in a writ petition, on or before the specified date, and the    time for filing any appeal or special leave petition against such order by    that person has not expired as on that date;<br \/>\n      (iii) a person who has filed his    objections before the Dispute Resolution Panel under section 144C of the    Income-tax Act, 1961 and the Dispute Resolution Panel has not issued any    direction on or before the specified date;<br \/>\n      (iv) a person in whose case the Dispute    Resolution Panel has issued direction under sub-section (5) of section 144C    of the Income-tax Act and the Assessing Officer has not passed any order    under sub-section (13) of that section on or before the specified date;<br \/>\n    (v) a person who has filed an application    for revision under section 264 of the Income-tax Act and such application is    pending as on the specified date;&rdquo;<\/p>\n<\/td>\n<td valign=\"top\">\n<p align=\"center\">&nbsp;<\/p>\n<p align=\"center\">&nbsp;<\/p>\n<p align=\"center\">&nbsp;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\">\n<p align=\"center\">2.<\/p>\n<p align=\"center\">&nbsp;<\/p>\n<p align=\"center\">&nbsp;<\/p>\n<p align=\"center\">43 of 1961.<\/p>\n<\/td>\n<td valign=\"top\">\n<p>Page 2,&nbsp; <em>for <\/em>lines 19-50, <em>substitute &ndash;&ndash; <\/em><br \/>\n      (j) &ldquo;disputed    tax&rdquo;, in relation to an assessment year or financial year, as the case may be,    means theincome-tax, including surcharge and cess(hereafter in this clause    referred to as the amount of tax) payable by the appellant under the provisions    of the Income-tax Act, 1961, as computed hereunder:-<br \/>\n      (A) in a case where any appeal, writ    petition or special leave petition is pending before the appellate forum as on    the specified date, the amount of tax that is payable by the appellantif such    appeal or writ petition or special leave petition was to be decided against    him;<br \/>\n      (B) in a case where an order in an appeal    or in writ petition has been passed by the appellate forum on or before the    specified date, and the time for filing appeal or special leave petition    against such order has not expired as on that date, the amount of tax payable    by the appellant after giving effect to the order so passed;<br \/>\n      (C) in a case where the order has been    passed by the Assessing Officer on or before the specified date, and the time    for filing appeal against such order has not expired as on that date, the    amount of tax payable by the appellant in accordance with such order;<br \/>\n      (D) in a case where objection filed by the    appellant is pending before the Dispute Resolution Panel under section 144C    of the Income-tax Act as on the specified date, the amount of tax payable by    the appellant if the Dispute Resolution Panel was to confirm the variation proposed    in the draft order;<br \/>\n      (E) in a case where Dispute Resolution    Panel has issued any direction under sub-section (5) of section 144C of the    Income-tax Act and the Assessing Officer has not passed the order under    sub-section (13) of that section on or before the specified date, the amount    of tax payable by the appellant as per the assessment order to be passed by    the Assessing Officer under sub-section (13) thereof;<br \/>\n      (F) in a case where an application for    revision under section 264 of the Income-tax Act is pending as on the    specified date, the amount of tax payable by the appellant if such    application for revision was not to be accepted:<br \/>\n      Provided that in a case where Commissioner    (Appeals)&nbsp; has issued notice of    enhancement under section 251 of the Income-tax Act on or before the    specified date, the disputed tax shall be increased by the amount of tax    pertaining to issues for which notice of enhancement has been issued:<\/p>\n<p>Provided    further that in a case where the dispute in relation to an assessment year    relates to reduction of tax credit under section 115JAA or section 115D of    the Income-tax Act or any loss or depreciation computed thereunder, the    appellant shall have an option either to include the amount of tax related to    such tax credit or loss or depreciation in the amount of disputed tax,or to    carry forward the reduced tax credit or loss or depreciation,in such manner    as may be prescribed.<\/p>\n<\/td>\n<td valign=\"top\">\n<p align=\"center\">2<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\">\n<p align=\"center\">3.<\/p>\n<\/td>\n<td valign=\"top\">\n<p>Page    3,<em>omit <\/em>lines 1-3. <\/p>\n<\/td>\n<td valign=\"top\">\n<p align=\"center\">2<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\">\n<p align=\"center\">4.<\/p>\n<\/td>\n<td valign=\"top\">\n<p>Page 3, <em>after<\/em> line 41, <em>insert<\/em> &ndash;&ndash;&nbsp; <\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<tr>\n<td width=\"143\" valign=\"top\">\n              (aa) where the tax      arrear includes the tax, interest or penalty determined in any assessment      on the basis of search under section 132 or section 132A of the Income-tax      Act. <\/td>\n<td width=\"143\" valign=\"top\">\n<p>The aggregate of the      amount of disputed tax and twenty-five per cent. of the disputed tax:<\/p>\n<p>Provided that where      the twenty-five per cent. of disputed tax exceeds the aggregate amount of      interest chargeable or charged on such disputed tax and penalty leviable or      levied on such disputed tax, the excess shall be ignored for the purpose of      computation of amount payable under this Act. <\/p>\n<\/td>\n<td width=\"143\" valign=\"top\">\n<p>The aggregate of the      amount of disputed tax and thirty-five per cent. of disputed tax:<\/p>\n<p>Provided that where      the thirty-five per cent. of disputed tax exceeds the aggregate amount of      interest chargeable or charged on such disputed tax and penalty leviable or      levied on such disputed tax, the excess shall be ignored for the purpose of      computation of amount payable.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/td>\n<td valign=\"top\">\n<p align=\"center\">3<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\">\n<p align=\"center\">5.<\/p>\n<\/td>\n<td valign=\"top\">\n<p>Page 3, <em>after <\/em>line 45, <em>insert &ndash;&ndash;<\/em><\/p>\n<p>&ldquo;Provided    that in a case where an appeal or writ petition or special leave petition is    filed by the income-tax authority on any issue before the appellate forum,    the amount payable shall be one-half of the amount in the Table above    calculated on such issue, in such manner as may be prescribed:<br \/>\n          Provided further    that in a case wherean appeal is filed before the Commissioner (Appeals) or    objections is filed before the Dispute Resolution Panel by the appellant on    any issueon which he has already got a decision in his favour from Income Tax    Appellate Tribunal (where the decision on such    issue is not reversed by the High Court or the Supreme Court) or the    High Court (where the decision on such issue is not reversed by the Supreme    Court), the amount payable shall be one-half of the amount in the Table above    calculated on such issue, in such manner as may be prescribed:<br \/>\n    Provided also    that in a case where an appeal is filed by the appellant on any issue before    Income Tax Appellate Tribunal on which he has already got a decision in his    favour from the High Court (where the decision on such issue is not reversed    by the Supreme Court), the amount payable shall be one-half of the amount in    the Table above calculated on such issue, in suchmanner as may be prescribed.&rdquo;.<\/p>\n<\/td>\n<td valign=\"top\">\n<p align=\"center\">3<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\">\n<p align=\"center\">6.<\/p>\n<\/td>\n<td valign=\"top\">\n<p>Page 4, <em>for <\/em>lines 8-18, <em>substitute    &ndash;&ndash;<\/em><br \/>\n      &ldquo;(3) Where the    declarant has filed any appeal before the appellate forum or any writ    petition before the High Court or the Supreme Court against any order in    respect of tax arrear, he shall withdraw such appeal or writ petition with    the leave of the Court wherever required after issuance of certificate under    sub-section (1) of section 5 and furnish proof of such withdrawal alongwith    the intimation of payment to the designated authority under sub-section (2)    of section 5.<br \/>\n    (4) Where the declarant has initiated any proceeding for arbitration,    conciliation or mediation, or has given any notice thereof under any law for    the time being in force or under any agreement entered into by India with any    other country or territory outside India whether for protection of investment    or otherwise, he shall withdraw the claim, if any, in such proceedings or    notice after issuance of certificate under sub-section (1) of section 5 and    furnish proof of such withdrawal alongwith the intimation of payment to the    designated authority under sub-section (2) of section 5.&rdquo; <\/p>\n<\/td>\n<td valign=\"top\">\n<p align=\"center\">4<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\">\n<p align=\"center\">7.<\/p>\n<\/td>\n<td valign=\"top\">\n<p>Page 5, <em>after <\/em>line 5, <em>insert&ndash;&ndash;<\/em><br \/>\n            <em>&ldquo;Explanation<\/em>.&ndash;&ndash; For the removal of doubts, it is hereby clarified that    making a declaration under this Actshall not amount to conceding the tax    position and it shall not be lawful for the income-tax authority or the    declarant being a party in appeal or writ petition or special leave petition    to contend that the declarant or the income-tax authority, as the case may    be, has acquiesced in the decision on the disputed issue by settling the    dispute.&rdquo;.<\/p>\n<\/td>\n<td valign=\"top\">\n<p align=\"center\">5<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\">\n<p align=\"center\">8.<\/p>\n<\/td>\n<td valign=\"top\">\n<p>Page 5,<em> after <\/em>line 10, <em>insert&ndash;&ndash;<\/em><\/p>\n<p><em>&ldquo;Explanation.&ndash;&ndash; <\/em>For    the removal of doubts, it is hereby clarified that where the declarant had,    before filing the declaration under sub-section (1) of section 4, paid any    amount under the Income-tax Act in respect of his tax arrear which exceeds    the amount payable under section 3, he shall be entitled to a refund of such    excess amount, but shall not be entitled to interest on such excess amount    under section 244A of the Income-tax Act.&rdquo;. <\/p>\n<\/td>\n<td valign=\"top\">\n<p align=\"center\">7<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\">\n<p align=\"center\">9.<\/p>\n<\/td>\n<td valign=\"top\">\n<p>Page 5, <em>for <\/em>lines 17-19, <em>substitute    &ndash;&ndash;<\/em><\/p>\n<p>&ldquo;(i) relating to an    assessment year in respect of which an assessment has been made under    sub-section (3) of section 143 or section 144 or section 153A or section 153C    of the Income-tax Act on the basis of search initiated under section 132 or    section 132A of the Income-tax Act, if the amount of disputed tax exceeds    five crore rupees;&rdquo;.<\/p>\n<\/td>\n<td valign=\"top\">\n<p align=\"center\">9<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\">\n<p align=\"center\">10.<\/p>\n<\/td>\n<td valign=\"top\">\n<p>Page 5, <em>omit<\/em> lines 27-29<\/p>\n<\/td>\n<td valign=\"top\">\n<p align=\"center\">9<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\">\n<p align=\"center\">11.<\/p>\n<\/td>\n<td valign=\"top\">\n<p>Page 6, <em>for <\/em>lines 6-12, <em>substitute    &ndash;&ndash;<\/em><\/p>\n<\/td>\n<td valign=\"top\">\n<p align=\"center\">9<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\">\n<p align=\"center\">&nbsp;<\/p>\n<p align=\"center\">37 of 1967.<br \/>\n          61 of 1985.<br \/>\n          49 of 1988.<br \/>\n          15 of 2003.<br \/>\n          45 of 1988.<\/p>\n<p align=\"center\">&nbsp;<\/p>\n<p align=\"center\">&nbsp;<\/p>\n<p>45 of 1860. <\/p>\n<\/td>\n<td valign=\"top\">\n<p>&ldquo;(c) to any person    in respect of whom prosecution for any offence punishable under the    provisions of the Unlawful Activities (Prevention) Act, 1967, the Narcotic    Drugs and Psychotropic Substances Act, 1985, the Prevention of Corruption    Act, 1988, the Prevention of Money Laundering Act, 2002, the Prohibition of    Benami Property Transactions Act, 1988 has been instituted on or before the    filing of the declaration or such person has been convicted of any such    offence punishable under any of those Acts;<\/p>\n<p>(ca) to any    person in respect of whom prosecution has been initiated by an Income-tax    authority for any offence punishable under the provisions of the Indian Penal    Code or for the purpose of enforcement of any civil liability under any law    for the time being in force, on or before the filing of the declaration or    such person has been convicted of any such offence consequent to the    prosecution initiatedby an Income-tax authority;&rdquo;<\/p>\n<\/td>\n<td valign=\"top\">\n<p align=\"center\">&nbsp;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\">\n<p align=\"center\">12.<\/p>\n<\/td>\n<td valign=\"top\">\n<p>Page 6,<em> after <\/em>line 42, <em>insert&ndash;&ndash;<\/em><\/p>\n<p>&ldquo;(da) determination of    disputed tax including the manner of set-off in respect of brought forward or    carry forward of tax credit under section 115JAA or section 115JD of the    Income-tax Act or set-off in respect of brought forward or carry forward of    loss or allowance of depreciation under the provisions of the Income-tax Act;<\/p>\n<p>(db) the manner of    calculating the amount payable under this Act.&rdquo;.<\/p>\n<\/td>\n<td valign=\"top\">\n<p align=\"center\">12<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The CBDT has released the official amendments to the Direct Tax Vivad se Vishwas Bill, 2020, a copy of which is available for download<\/p>\n<div class=\"read-more\"><a href=\"https:\/\/itatonline.org\/info\/download-official-amendments-to-the-direct-tax-vivad-se-vishwas-bill-2020\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1,7],"tags":[],"class_list":["post-14627","post","type-post","status-publish","format-standard","hentry","category-all-information","category-others"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/posts\/14627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/comments?post=14627"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/posts\/14627\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/media?parent=14627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/categories?post=14627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/tags?post=14627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}