A Treatise on Vivad Se Vishwas Act, 2020 in FAQ format

The book is a practical guide providing pragmatic analysis of the Direct Tax Viavad Se Vishwas Act, 2020. It provides a practical understanding of the concepts and procedure established by the Act and highlights various issues and discrepancies arising therefrom. The book is in a frequently asked questions (FAQ) format. The author has attempted to give detailed and holistic reply to each and every issue raised by making references to earlier schemes like Kar Vivad Samadhan Scheme, 1998 etc. and various case laws in respect of such schemes, wherever necessary. The book is a combination of commentary approach and FAQ approach making it reader friendly and at the same time giving detailed and in-depth solution of the issues. Further, the book also covers the procedural aspects of filing of forms as notified in the Direct Tax Vivad Se Vishwas Rules, 2020. The book would be a very useful guide, reckoner and commentary for use by chartered accountants, lawyers, income tax practitioners, students, other academicians and taxpayers who wish to gain a practical understanding of the scheme.

Key features

 •    Critical analysis of the VSV Act and Rules in FAQ format including the clarifications issued by the CBDT with practical examples and situations

 •    Relevant rules, forms, notifications and circulars analysed and explained

 •    Key factors and practical points in filing various forms explained

 •    Includes topic-wise practical guide on procedural issues arising under the VSV Act and Rules for ease of reference of readers

 •    Covers live issues and gives illustrations on computation of disputed tax, tax arrears and amount payable under the Act

 •    Covers relevant case laws

About the Author

About the Authors

Firoze B. Andhyarujina, [B.Com. (Hons.), LL.B., LL.M. (Miami, US)], a designated Senior Advocate by the Hon’ble Bombay High Court in the year 2001, is mainly engaged in litigation practice concerning tax matters and company law. He was awarded the Rotary Foundation Scholarship of the Rotary International to study Post Graduate Law at the University of Miami, Coral Gables, U.S.A. He was awarded scholarship in International and Comparative Law at Paris, France. During his entire academic career, Mr.Andhyarujina has won more than seventy prizes and trophies both at School, College and University Level. He was also a part time professor.

He started his career as junior in the Chambers of Mr.R. J. Kolah and Mr. B. A. Palkhivala. He has participated in some of the important and outstanding cases that have laid down and interpreted the tax laws of India. He has also argued some of the important trademarks and patent cases at Bombay and Delhi High Courts.

International Tax Review, World Tax 2006, has rated Mr Firoze Andhyarujina amongst the 5 Leading individual Tax Counsel in India.

Dharan V. Gandhi, (B.Com, CA, LL.B.) is a practising Advocate and a member of the Bar Council of Maharashtra and Goa. He specialises in direct tax litigation and appears regularly before the Hon'ble Bombay High Court and Income Tax Appellate Tribunal. He has successfully argued income tax cases for several clients and MNCs before various forums. He has also briefed and assisted counsels for various matters. He was part of Team representing Chamber of Tax Consultants in Petition challenging ICDS before the Hon’ble Delhi High Court and in Petition challenging CBDT Central Action Plan giving incentives to CIT (A) before the Hon’ble Bombay High Court. He is a regular contributor in professional journals and publications, a regular speaker on various issues of direct tax and has also presented papers at conferences and study courses. On academic front, he has secured 7th Rank on an all India basis in the CA Final Examinations and 38th Rank on an all India basis in the CA PCC Examination. Further, he has a unique distinction of scoring 100/100 in Accounts at CA PCC Examination.

Harsh Kapadia, (B.Com, CA, LL.B.) is a practising Advocate in the Bombay High Court. Before enrolling with the Bar Council of Maharashtra in 2016, Harsh practiced as a Chartered Accountant. He specializes in Direct Tax litigation and has an experience of 8 years in handling income tax matters. He regularly appears and assists in matters before the Income Tax Appellate Tribunal and the High Court. He is a regular contributor in professional journals and publications.

Ravi Sawana, (B.Com, CA, CS, LL.B.), is a practising Advocate and a registered member of the Bar Council of Maharashtra & Goa. Presently, Ravi is working with Lakshmikumaran & Sridharan, Attorneys at their Mumbai office wherein his area of practice is advising and representing the clients before the High Court of Bombay and Income-tax Appellate Tribunal, on various issues concerning Income-tax Act, 1961, Benami Transactions (Prohibition) Act, 1988, Competition Act, 2002, Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.  Ravi had started his career with Bansi S. Mehta & Co., a reputed Chartered Accountancy firm in Mumbai, in the year 2012 where his areas of practise was mainly concerning direct tax advisory and litigation. After serving for 3.5 years, Ravi joined the “Tax Controversy & Dispute Resolution” team of the Price Waterhouse & Co. LLP at their Mumbai office and during his tenue of 3 years at PwC, Ravi worked on various litigation issues involving transfer pricing, international taxation and domestic tax.

Viraj Mehta, (B.Com, CA, CS, LL.B.), is a practising Chartered Accountant and partner of M/s V M D T & Associates LLP. He specializes in the field of litigation and appears before Income Tax Appellate Tribunal, Dispute Resolution Panel, Commissioner of Income Tax (Appeal), Settlement Commission and Income Tax Authorities for Corporate Tax, International Tax and Transfer Pricing Matters.   He is a Convenor of Direct Tax Committee of Chamber of Tax Consultants and Matunga CPE Study Circle of WIRC, ICAI. He is also a member of ITAT Bar Association. He is a regular contributor in professional journals and pu