Mr X, a 75-year-old businessman, resigned from any kind of business activity and has a service tax liability of nearly Rs 40 lakh from business operations carried out years ago. Currently under litigation, he is actively thinking of submitting an application towards probably the most lucrative amnesty scheme ever introduced by the government. Though he has enough confidence in winning the case, he might prefer letting go of the legal hassles that could continue for years.
Yet, few are treading the road Mr X has taken, after half the time to apply for that very scheme is over.
By November 3, only