Settlement under Vivad se Vishwas resolves declared disputes but does not amount to admission or affect other proceedings. A declaration under the Vivad se Vishwas scheme resolves only the disputed issues covered by that declaration and does not amount to an admission or ... Summary
Settlement under Vivad se Vishwas resolves declared disputes but does not amount to admission or affect other proceedings.
A declaration under the Vivad se Vishwas scheme resolves only the disputed issues covered by that declaration and does not amount to an admission or concession of the taxpayer's tax position; it cannot be used by either the income-tax authority or the declarant to claim acquiescence in the disputed issue in other appeals, writs, or petitions.
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