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Saudi Arabia imposes temporary visa ban on 14 countries, including PakistanUK protests against Israel detaining two British lawmakersGovt to set up dedicated startup India desk for budding entrepreneursDelhi Govt takes stern action against steep fee hike by private schoolsUK MP Dan Norris arrested for alleged child sex offencesIndian-American country judge nabbed on money-laundering chargesAustralia pledges 2.3 bn Australian dollar to enable households buy solar batteriesIndia, Lanka sign MoU on defence cooperationCX - Mere interconnection under Income Tax law does not establish a related party transaction under Central Excise law, thereby invalidating department's demand for duty at 110% of production cost: CESTATOwaisi moves SC against Waqf Amendment ActNo TDS to be deducted u/s 194EE on payments u/s 80CCAST - Removal of smart cards for pairing with set-top boxes (STBs) constituted job work under Rule 4(5)(a) of CCR, 2004 and thus, reversal of CENVAT credit is not required: CESTATCBIC issues AGT orders of 229 Jcs / ADCs + 308 ACs / DCs + 177 Pr Commissioners / Commissioners + 12 Pr CCs & CCsST - Activity of serving as intermediary between foreign entities & Indian customers, qualifies as export of services; commissions earned by assessee will not attract Service Tax levy: CESTATKessler Syndrome: Over 1200 objects of space debris banged into earth in 2024CX - Valuation - Specifications meant for guidance purposes per se differ from detailed engineering drawings; only the latter is to be included in assessable value: CESTATTrump grants another 75-day to TikTok to find Chinese buyerEU fears Trump beer tariffs may cost one lakh jobsTrump tosses out National Security Agency DirectorBudget Session of Parliament adjourns sine-die; 16 Bills passedHamas says Israeli offensive in Gaza is fatal for hostagesEuropean Commission votes to freeze existing sustainability rules to compete with China and USParliament passes Protection of Interest in Aircraft Objects Bill, 2025US economy adds 2.28 lakh jobs in March monthI-T - Provisions of section 50C are equally applicable to asset forming block of asset as well: ITATChina retaliates; imposes 34% tariffs on American goods

MESSAGE BOARD

   

Unveil Comprehensive Strategy to tackle Black Money


REPORT OF COMMISSION andCOMMITTEE SHALL BE MADE PUBLIC WITHIN SIX MONTHS


It has become a routine to all governments to form Commissions/Committees to divert attention of the public from important issues. Even after submission of reports by a Commission/Committee, citizens are deprived of an opportunity to know the contents of the such reports on the plea that the government is yet to examine to take further action on such reports. And government does not examine, not to say about action, for years together and in the process formation of commission/committees and its reports fade away from memory of the public. And issues continue to bother and affect progress and development of country. Public at large cannot to force the government to act promptly on such reports. But the public at least t have right to know the contents of such reports since cost of such reports is borne by public. It is therefore necessary to provide a Rule that every report of Commission/Committee shall be made public within six months of its submission whether the government acts on it or not.
It is expected that the present Government , which has pledged for Swachh Bharat, will also swachh the dusting reports. And hope the reports submitted on Black Money by NIPFP, NCAER and NIFM are made public at the earliest.

V. G. IRKAL
Hospet

vasantirkal vasantirkal 29/08/2015

 

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