F. No. 37014 2/2212024 -TI’L
Government of India
Ministry of Fainance
Department of Revenue
Circular No. 12 of 2024
Central Board of Direct Taxes
               ****************************************** Â
                                                                    Dated’ . October , 2024
Sub.: Guidance Note 1/2024 on provisions of the Direct Tax Vivad se Vishwas
Scheme, 2024 – reg
The Direct Tax Vivad Se Vishwas Sehcme, 2024 (hereinafter referred as OTVSV Scheme,
2024) has been enacted vide Chapter IV of Finance (No.2) Act, 2024 to provide for dispute
resolution in respect of pending income tax litigation. The objective o f the Scheme is to, inter alia,
reduce pending income tax litigation, generate timely revenue for the Government and benefit
taxpayers by providing them peace of mind, certainty and savings on account of time and resources
that would otherwise be spent on the long-drawn and vexatious litigation process.
Download complete circular –circular-12-2024