Form 26B Under Income Tax Rules Not Required For Refund Once Form 5 Under 'Vivad Se Vishwas' Act Is Issued: Allahabad High Court

The Allahabad High Court ruled that Form 26B is not required for a refund once Form 5 under the Vivad Se Vishwas Act is issued. The case involved the issue of whether a taxpayer was required to submit Form 26B for claiming a refund after the issuance of Form 5 under the Vivad Se Vishwas Scheme. The court held that once Form 5 is issued, the taxpayer need not file Form 26B for the refund. This ruling provides clarity on the procedural requirements under the scheme, simplifying the process for taxpayers seeking refunds under the Vivad Se Vishwas Act.