Re: Undisclosed Foreign Assets

Where one of the addition made is in respect of undisclosed foreign assets, does one settle the dispute for the remaining issues or one cannot settle such dispute?

No. As per section 9(iii) VSV would not apply to Tax Arrears in respect of undisclosed foreign assets. Further, Q11 clarifies that if tax arrears include issues that are excluded from VSV, such cases are not eligible under the scheme.

---