Vivad se Vishwas dispute resolution: streamlined settlement requires percentage-based payment of disputed tax and grants immunity when paid. The circular explains Vivad se Vishwas as a voluntary settlement framework covering specified pending income-tax appeals, writs, DRP matters, revision applications and arbitral proceedings, while excluding certain categories; it prescribes calculation of disputed tax (including adjustments for rectifications and prior payments), tiered percentage payments depending on timing and case-type, credit for taxes already paid, DA determination and certification procedures, non-refundability of payments, withdrawal and adjustment mechanics, waiver of interest and penalty on settled arrears, and immunity from prosecution, without treating settlement as concession of the tax position.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Vivad se Vishwas dispute resolution: streamlined settlement requires percentage-based payment of disputed tax and grants immunity when paid.
The circular explains Vivad se Vishwas as a voluntary settlement framework covering specified pending income-tax appeals, writs, DRP matters, revision applications and arbitral proceedings, while excluding certain categories; it prescribes calculation of disputed tax (including adjustments for rectifications and prior payments), tiered percentage payments depending on timing and case-type, credit for taxes already paid, DA determination and certification procedures, non-refundability of payments, withdrawal and adjustment mechanics, waiver of interest and penalty on settled arrears, and immunity from prosecution, without treating settlement as concession of the tax position.
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