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Statement: The Union Cabinet approved the amendment of the Direct Tax Vivad se Vishwas Bill, 2020. The Bill seeks to provide resolution for disputed tax cases that involve Rs.9.32 lakh crore.Assumptions:I. The amendment will widen the scope to cover litigation pending in various debt recovery tribunals and reduces the litigation related to direct taxes.II. It will cover tax disputes pending at the level of commissioner (appeals), Income Tax Appellate Tribunals (ITAT), high courts (HCs) and the Supreme Court (SC).a)If only assumption I is implicitb)If only assumption II is implicitc)If either I or II is implicitd)If neither I nor II is implicite)If both I and II are implicitCorrect answer is option 'E'. Can you explain this answer? for Banking Exams 2025 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Statement: The Union Cabinet approved the amendment of the Direct Tax Vivad se Vishwas Bill, 2020. The Bill seeks to provide resolution for disputed tax cases that involve Rs.9.32 lakh crore.Assumptions:I. The amendment will widen the scope to cover litigation pending in various debt recovery tribunals and reduces the litigation related to direct taxes.II. It will cover tax disputes pending at the level of commissioner (appeals), Income Tax Appellate Tribunals (ITAT), high courts (HCs) and the Supreme Court (SC).a)If only assumption I is implicitb)If only assumption II is implicitc)If either I or II is implicitd)If neither I nor II is implicite)If both I and II are implicitCorrect answer is option 'E'. Can you explain this answer? covers all topics & solutions for Banking Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Statement: The Union Cabinet approved the amendment of the Direct Tax Vivad se Vishwas Bill, 2020. The Bill seeks to provide resolution for disputed tax cases that involve Rs.9.32 lakh crore.Assumptions:I. The amendment will widen the scope to cover litigation pending in various debt recovery tribunals and reduces the litigation related to direct taxes.II. It will cover tax disputes pending at the level of commissioner (appeals), Income Tax Appellate Tribunals (ITAT), high courts (HCs) and the Supreme Court (SC).a)If only assumption I is implicitb)If only assumption II is implicitc)If either I or II is implicitd)If neither I nor II is implicite)If both I and II are implicitCorrect answer is option 'E'. Can you explain this answer?.

Solutions for Statement: The Union Cabinet approved the amendment of the Direct Tax Vivad se Vishwas Bill, 2020. The Bill seeks to provide resolution for disputed tax cases that involve Rs.9.32 lakh crore.Assumptions:I. The amendment will widen the scope to cover litigation pending in various debt recovery tribunals and reduces the litigation related to direct taxes.II. It will cover tax disputes pending at the level of commissioner (appeals), Income Tax Appellate Tribunals (ITAT), high courts (HCs) and the Supreme Court (SC).a)If only assumption I is implicitb)If only assumption II is implicitc)If either I or II is implicitd)If neither I nor II is implicite)If both I and II are implicitCorrect answer is option 'E'. Can you explain this answer? in English & in Hindi are available as part of our courses for Banking Exams. Download more important topics, notes, lectures and mock test series for Banking Exams Exam by signing up for free.

Here you can find the meaning of Statement: The Union Cabinet approved the amendment of the Direct Tax Vivad se Vishwas Bill, 2020. The Bill seeks to provide resolution for disputed tax cases that involve Rs.9.32 lakh crore.Assumptions:I. The amendment will widen the scope to cover litigation pending in various debt recovery tribunals and reduces the litigation related to direct taxes.II. It will cover tax disputes pending at the level of commissioner (appeals), Income Tax Appellate Tribunals (ITAT), high courts (HCs) and the Supreme Court (SC).a)If only assumption I is implicitb)If only assumption II is implicitc)If either I or II is implicitd)If neither I nor II is implicite)If both I and II are implicitCorrect answer is option 'E'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Statement: The Union Cabinet approved the amendment of the Direct Tax Vivad se Vishwas Bill, 2020. The Bill seeks to provide resolution for disputed tax cases that involve Rs.9.32 lakh crore.Assumptions:I. The amendment will widen the scope to cover litigation pending in various debt recovery tribunals and reduces the litigation related to direct taxes.II. It will cover tax disputes pending at the level of commissioner (appeals), Income Tax Appellate Tribunals (ITAT), high courts (HCs) and the Supreme Court (SC).a)If only assumption I is implicitb)If only assumption II is implicitc)If either I or II is implicitd)If neither I nor II is implicite)If both I and II are implicitCorrect answer is option 'E'. Can you explain this answer?, a detailed solution for Statement: The Union Cabinet approved the amendment of the Direct Tax Vivad se Vishwas Bill, 2020. The Bill seeks to provide resolution for disputed tax cases that involve Rs.9.32 lakh crore.Assumptions:I. The amendment will widen the scope to cover litigation pending in various debt recovery tribunals and reduces the litigation related to direct taxes.II. It will cover tax disputes pending at the level of commissioner (appeals), Income Tax Appellate Tribunals (ITAT), high courts (HCs) and the Supreme Court (SC).a)If only assumption I is implicitb)If only assumption II is implicitc)If either I or II is implicitd)If neither I nor II is implicite)If both I and II are implicitCorrect answer is option 'E'. Can you explain this answer? has been provided alongside types of Statement: The Union Cabinet approved the amendment of the Direct Tax Vivad se Vishwas Bill, 2020. The Bill seeks to provide resolution for disputed tax cases that involve Rs.9.32 lakh crore.Assumptions:I. The amendment will widen the scope to cover litigation pending in various debt recovery tribunals and reduces the litigation related to direct taxes.II. It will cover tax disputes pending at the level of commissioner (appeals), Income Tax Appellate Tribunals (ITAT), high courts (HCs) and the Supreme Court (SC).a)If only assumption I is implicitb)If only assumption II is implicitc)If either I or II is implicitd)If neither I nor II is implicite)If both I and II are implicitCorrect answer is option 'E'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Statement: The Union Cabinet approved the amendment of the Direct Tax Vivad se Vishwas Bill, 2020. The Bill seeks to provide resolution for disputed tax cases that involve Rs.9.32 lakh crore.Assumptions:I. The amendment will widen the scope to cover litigation pending in various debt recovery tribunals and reduces the litigation related to direct taxes.II. It will cover tax disputes pending at the level of commissioner (appeals), Income Tax Appellate Tribunals (ITAT), high courts (HCs) and the Supreme Court (SC).a)If only assumption I is implicitb)If only assumption II is implicitc)If either I or II is implicitd)If neither I nor II is implicite)If both I and II are implicitCorrect answer is option 'E'. Can you explain this answer? tests, examples and also practice Banking Exams tests.