No jargons of Make in India, First Develop India etc will prove fruitful unless the inherent anomalies in the Rules are rectified. More than six months have elapsed on a simple unresolved issue of accumulated Edn Cess which could not be utilized by assessees all over India. Latest ranking of Ease of Doing Business of India stood at 130. How the business can be done with ease when Govt is attempting to get richer at the cost of tax payers. Poorly drafted amendment in Rules due to lack of vision and farsightedness costs the tax payers heavily. Now all eyes and hopes are on the new Chairman, just like hornbill waiting for rain.
As DDT pointed out and reminded, let us hope that the new Chairman will take a call on Cess credit which has become dormant ever since the announcement of Budget 2015 instead of promoting unnecessary litigation.

james pg 29/10/2015