Vivad Se Vishwas Scheme Not Applicable Where Prosecution Has Started, Clarifies CBDT [Read Circular]

The Central Board Direct Tax (CBDT) on Wednesday clarified that taxpayers will not be able to avail benefits under the Vivad se Vishwas scheme in cases where prosecution has been instituted.The CBDT, through a FAQ has, has clarified that, "where only notice for initiation of prosecution has been issued without prosecution being instituted, the assessee is eligible to file declaration...