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Informative

HUF’s Share Transaction Dispute Concluded as ITAT Accepts Vivad Se Vishwas Settlement

Update / Judgement Date

30 Apr 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Alternate Dispute ResolutionIncome Tax

ITAT accepted a Vivad se Vishwas settlement in a HUF (Hindu Undivided Family) share transaction dispute, concluding the matter. The Vivad se Vishwas scheme was introduced to resolve pending tax disputes. By opting for this scheme, the HUF would have paid a certain percentage of the disputed amount to settle the case, avoiding further litigation.