Rectification Order raising an additional demand was declared invalid as it was passed after Vivad Se Vishwas Settlement

Shetkari Shikshan Prasarak Mandal Vs DCIT (ITAT Pune) Conclusion: An additional demand of ₹1,13,05,449 raised through a rectification order under Section 154 was declared as invalid as VSV Scheme’s provisions under Sections 4 and 5 confer finality to the determination of the amount payable and rectification order was passed after the full and final settlement under the Vivad Se Vishwas (VSV) Scheme, 2020. Held: Assessee-trust registered under Sections 12A and 80G had filed its return of income for Assessment Year (AY) 2017-18 declaring nil income. The return was processed under Section 143...