CA Sanjay Bilthare
First of all I would like to extend gratitude to all of you for entrusting me with the responsibility as President of the prestigious Income Tax Bar Association. Our team had taken charge from the immediate Past President CA B.Subramaniam in the last AGM held on 27th June 2020, first ever AGM under Virtual Mode. We, under whose guidance of our past president, have converted the challenging situation of COVID-19 to an opportunity for learning and have continuously organized the webinars for the knowledge updation.
Now, with my new team we all are committed to put in best of our efforts and commitment to serve our profession with the same spirit. Due to COVID-19, the current year had become a year of Life Saving, which will be well observed with the action of government, where in continuous relaxation had been provided in the various compliances. In the present secnerio, we have to work very cautiously so that not only we save ourselves but also our family and friends who are very much connected to us.
Friends, Department had introduced VIVAD SE VISHWAS SCHEME 2020, with an intention to reduce the Income Tax pending litigation, generate timely revenue for Government and help the taxpayers to end their disputes with the department by paying disputed tax and get waiver from payment of interest and penalty. Also get immunity from prosecution. Initially the benefit under the scheme was available upto 30 June 2020, but due to pandemic situation the said scheme has been extended to 31 December 2020. As the opportunity has been extended, so I request the member to analyse your pending cases, and take the benefit of the scheme.