CONTENTS

1. Guru Padmasambhava
2. Dispute Resolution Scheme

Guru Padmasambhava

Context:

International Buddhist Confederation, in collaboration with the Nava Nalanda Mahavihara organised a two-day International Conference on the Life and Living Legacy of Guru Padmasambhava Conference at Nalanda, Bihar.

Relevance:

GS I: History

Guru Padmasambhava:

• Guru Padmasambhava, also known as Guru Rinpoche, is a seminal figure in the spread of Buddhism in the Himalayan regions during the eighth century.
• He is credited with propagating the teachings of Lord Buddha across various regions, including India, Nepal, Bhutan, Bangladesh, and Tibet.
• Legacy: Known for his diverse cultural impact, he integrated elements of Yogic and Tantric practices into Buddhist teachings and played a significant role in the development of Tibetan Buddhism.
• Academic Involvement: He was associated with Nalanda, an ancient center of Buddhist learning in India, where he was both a student and a teacher.

About International Buddhist Confederation:

• This New Delhi-based organization acts as a global umbrella body for Buddhist communities and organizations.
• It encompasses over 320 member organizations from 39 countries, representing both monastic and lay Buddhists.
• Objective: The Confederation aims to unify and promote Buddhist teachings and practices worldwide.

Dispute Resolution Scheme

Context:

The Central Board of Direct Taxes (CBDT) has introduced the Dispute Resolution Scheme (e-DRS), 2022, as a streamlined and efficient platform for taxpayers to resolve their income tax disputes.

Relevance:

GS III: Indian Economy

Dispute Resolution Scheme

• Objective: To reduce litigation and offer a quicker, more cost-effective way for taxpayers to resolve disputes.
• Method: Disputes are resolved electronically through Dispute Resolution Committees (DRCs).

Eligibility Criteria

• Taxpayers: Must meet specific conditions outlined in section 245MA.
• Financial Limits: Disputes involving amounts not exceeding Rs. 10 lakh and where the taxpayer’s income for the relevant year does not exceed Rs. 50 lakh.
• Scope of Disputes: Does not cover disputes involving information from searches or international agreements.

Dispute Resolution Committees (DRCs)

• Location: Established in all 18 regions across India.
• Powers: Can modify orders, reduce penalties, or waive prosecution.
• Decision Timeframe: Required to make decisions within six months of receiving the application.