Rectification Order Passed After Vivad Se Vishwas Settlement Invalid: ITAT Quashes ₹1.13 Cr Additional Demand

The ITAT (Income Tax Appellate Tribunal) quashed a "₹1.13 crore additional demand," ruling that a "rectification order passed after Vivad Se Vishwas settlement is invalid." The Vivad Se Vishwas scheme was a government initiative for resolving tax disputes by offering final settlement. The tribunal clarified that once a tax dispute is settled under this scheme, no subsequent rectification order can be passed by the department to raise an additional demand for the same period. This decision reinforces the finality of settlement schemes, ensuring certainty for taxpayers who opt for them.