The question asks about the specific scheme announced during the Union Budget, 2020, aimed at resolving pending income tax disputes or litigation.

Understanding Income Tax Dispute Resolution Schemes

Income tax litigation can be a lengthy and complex process in India. To reduce the burden on both taxpayers and the tax department, the government occasionally introduces schemes that allow for the settlement of pending disputes. These schemes typically offer taxpayers an opportunity to pay a reduced amount of disputed tax, interest, and penalty to close the case.

Analysis of Options

Let's examine the provided options:

1. Vishwas Vartaman ka: This phrase does not correspond to any known income tax dispute resolution scheme announced in the Union Budget 2020 or otherwise.
2. Vivad Se Vishwas: This translates roughly to "Dispute to Trust". This name is associated with a specific scheme aimed at resolving pending income tax disputes.
3. Vishwas ki Vriddhi: This phrase is not related to any government scheme, particularly not an income tax dispute resolution scheme from Budget 2020.
4. Sabka sath sabka vikas: This is a political slogan meaning "Together with all, Development for all". It is not the name of an income tax dispute resolution scheme.

The Vivad Se Vishwas Scheme, 2020

The Union Budget, 2020, indeed announced a scheme specifically designed to address the large volume of pending income tax litigation across various appellate forums. This scheme was officially named the "Vivad Se Vishwas Scheme, 2020".

The primary objective of the Vivad Se Vishwas Scheme was to provide a mechanism for taxpayers to settle their direct tax disputes by paying a specified percentage of the disputed tax, thereby waiving interest and penalties.

Key aspects of the Vivad Se Vishwas Scheme included:

• Applicable to direct tax disputes pending as of a specific date (usually January 31, 2020).
• Covered various forums, including Commissioner (Appeals), ITAT, High Courts, and the Supreme Court.
• Different payment percentages based on whether the dispute was related to disputed tax, disputed interest, disputed penalty, or disputed fees, and whether payment was made by the initial deadline or a later extended date.
• Provided immunity from interest, penalty, and prosecution once the declaration under the scheme was accepted and payment made.

Considering the options and the context of the Union Budget 2020 announcement regarding income tax dispute resolution, the scheme referred to is clearly the Vivad Se Vishwas Scheme.

Based on the analysis, the correct scheme announced during the Union Budget, 2020, for dispute resolution in respect of pending income tax litigation is the Vivad Se Vishwas Scheme.

Revision Table: Vivad Se Vishwas Scheme

Additional Information: Income Tax Dispute Resolution

The Vivad Se Vishwas Scheme was not the first of its kind. The government has previously introduced similar schemes to reduce tax litigation. For example:

• Direct Tax Vivad se Vishwas Act, 2020: The scheme was enacted into law through this Act.
• Indirect Tax Dispute Resolution Schemes: Similar schemes have been introduced for indirect taxes as well, such as the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 for resolving disputes related to excise and service tax.

These schemes are crucial tools for clearing the backlog of tax cases, providing certainty to taxpayers, and improving the ease of doing business.