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I-T- Denial of deduction u/s 80IC can create perception of genuine hardship, where claimant paid tax in excess of what was due; order denying deduction merits re-consideration: HCIsrael launches missile attack on IranEC holds Video-Conference with over 250 Observers of Phase 2 pollsGermany disfavours Brazil’s proposal to tax super-richI-T- If material found during search are not incriminating in nature AO can not made any addition u/s 153A in respect of unabated assessment: ITATGovt appoints Dinesh Tripathi as New Navy ChiefAFMS, IIT Kanpur to develop tech to address health problems of soldiersFBI sirens against Chinese hackers eyeing US infrastructureI-T - Interest earned on short term deposit out of borrowed funds during period prior to commencement of business, is totally foreign to business objects of assessee, and not eligible for set off: ITATKenya’s top military commanders perish in copter crashCBIC notifies Customs exchange rates w.e.f. April 19, 2024Meta shares ‘Most Intelligent’ AI assistant built on Llama modelST - Service Tax paid in respect of export of services and cannot be subject to levy of Service Tax under Notfn 18/2009-ST, denial of exemption on procedural lapses cannot be sustained: CESTATDengue cases soaring in US - Close to ‘Emergency situation’: UN AgencyNexus between Election Manifesto and Budget 2024 in July!Half of China’s major cities sinking, reveals StudyCX - The warranty service is eligible for credit though the same is provided after clearance of final products: CESTAT

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Amnesty scheme,2017 proposed

Now that the GST regime is to be implemented before September,2017 and the GST council meeting are in full swing,at any cost, GST will be implemented.
It's suggested that a New Amnesty scheme,2017 must be introduced in the budget envisaging settlement of all dispute s at various levels like SCNs, Audit objections, appeals at first and second stage s.
This alone will pave the way to wipe off all 1000s of disputes .
All efforts by transfering to lower level s at JC,ADC,AC/DC have not made any progress in the increase of disposal s..
The large number of disputes are alarming, making it a tough time to smooth transition to the GST regime.
Let us hope Honble FM will come out with a new Amnesty scheme,2017, in all probability..

Unnikrishnan V 27/01/2017

 

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