Direct Tax Vivad Se Vishwas benefit not admissible in search assessment as disputed tax exceeds 5 Crore

Future Plus Enterprise Vs PCIT (Madras High Court) Madras High Court held that Direct Tax Vivad Se Vishwas Scheme benefit is not admissible in case of assessments relating to search and seizure when the disputed tax exceeds INR 5 Crore. Therefore, writ petitions are dismissed. Facts- In these Writ Petitions, the respective petitioners have challenged the Impugned Communication/Impugned Rejection Order dated 26.09.2021 rejecting the applications/declarations filed for settling the dispute under the provisions of the Direct Tax Vivad Se Vishwas Act, 2020. Conclusion- As per Section 9(a)(i) of th...