https://www.taxtmi.com/caselaws?id=443819 Once a dispute is conclusively settled under the Vivad Se Vishwas Scheme, the settled matter cannot be reopened through revisionary proceedings under section 263 of the Income-tax Act, 1961. The Gujarat High Court agreed that the scheme gives finality to the determination made under it, so issues covered by the settlement are barred from being revised on the ground that the original assessment was erroneous and prejudicial to the Revenue. The revision under section 263 was therefore impermissible, and the Tribunal's order quashing those proceedings was upheld. en-us Tue, 26 Sep 2023 00:00:00 +0530 Mon, 10 Jun 2024 10:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443819 Once a dispute is conclusively settled under the Vivad Se Vishwas Scheme, the settled matter cannot be reopened through revisionary proceedings under section 263 of the Income-tax Act, 1961. The Gujarat High Court agreed that the scheme gives finality to the determination made under it, so issues covered by the settlement are barred from being revised on the ground that the original assessment was erroneous and prejudicial to the Revenue. The revision under section 263 was therefore impermissible, and the Tribunal's order quashing those proceedings was upheld. Case-Laws Income Tax Tue, 26 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443819