If a case is picked up for scrutiny the ass esse should be offered a scheme to remain out of it on Turnover/receipts and profits up to say
Turnover Min Taxable Income addl fees/tax 1 cr 10%of T.O Rs 50,000/- 2 Cr 8% of T.0 Rs 1,00,000/- 3 Cr 7.5% of T.O Rs 1,50,000/= and so on Addln fee/tax is payable upon the assessee accepting the scheme.The scheme should be offered along with the service of notice u/s 142(2).and the assesse should be given 2 months time to accept.If the assesse accepts the payment should be made with in 1 month of the acceptance.If the assessee ignores the offer he should be deemed to have accepted the scrutiny.
This will surely increase the tax collections and reduce corruption
