To give an opportunity to the past cases, which
are ongoing under the retrospective amendment,
the finance minister proposed 'one time' scheme
of dispute resolution for them in which subject
to their agreeing to withdraw any pending case
in any court or tribunal or any proceeding for
arbitration, mediation, etc under BIPA, they can
settle the case by paying only the tax arrears in
which case liability of the interest and penalty
shall be waived. This scheme shall come into force
on June 1 and declarations under the scheme may
be made on or before December 31.
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