Designated Authority Under Direct Tax Vivad Se Vishwas Act Cannot Reopen Assessment After Issuance Of Final Certificate: Delhi HC Reiterates

The Delhi High Court reiterated that once a final certificate is issued under Section 5 of the Direct Tax Vivad Se Vishwas Act, no reassessment or reopening of the case is permissible. The case involved a taxpayer who had settled their tax dispute under the scheme, and the department sought to reassess the matter post-settlement. The court ruled that the issuance of the final certificate under the scheme closes the matter, and no further proceedings could be initiated. This ruling provides clarity on the finality of the settlement process under the Vivad Se Vishwas Act and protects taxpayers from further litigation after settlement.