Tax & Penalty3 Sept 2026, 04:50 pm
3i Infotech Settles ₹798 Cr Tax Disputes via Vivad Se Vishwas Scheme
AI Summary
3i Infotech Ltd has received final orders under the "Direct Tax Vivad Se Vishwas Scheme, 2024" for income tax litigations concerning assessment years AY 2012-13, AY 2013-14, AY 2014-15, AY 2016-17 & AY 2018-19. The company settled aggregate disputed additions/disallowances of approximately ₹79,838 lakhs (₹798.38 crore). The settlement amount has been adjusted against accumulated brought forward losses, meaning no incremental cash outflow is expected. This marks a significant step towards resolving historical income tax litigations.
Key Highlights
- Settled ₹798.38 crore in income tax disputes via Vivad Se Vishwas Scheme.
- No incremental cash outflow expected due to adjustment against brought forward losses.
- Final orders received for multiple assessment years, closing historical litigations.
- Scheme opted for income tax litigations, impacting AY 2012-13 to AY 2018-19.
Price Impact
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