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PLI scheme for electronics manufacturing sees incremental investment of Rs 8,390 CrG20 finance leaders agree to tax super-rich but forum not yet readyDPIIT promotes green logistics industry balancing economic growth and environmentIndia, US ink pact to stymie illegal trafficking of cultural propertyRailways expands tracks by 31,180 kmFroth in Yamuna river: Delhi complains to Centre against UP and HaryanaGovt to enhance reach of Indian Digital Public InfrastructureFormer BJP Minister says BJP has totally failed as Opposition in KarnatakaGovt provides incentives to small tea growersEU penalises 5 countries for infringing budget rulesI-T-Transaction involving transfer of unutilised shares cannot be deemed to be sale of shares so as to attract levy of Long Term Capital Gain u/s 112: ITATChina says Relations with Japan at critical stageST - Once the activity of appellant that is of forfeituring the amount of earnest money is not a declared service, question of retaining said money as consideration for rendering such service becomes absolutely redundant: CESTATEU medicines regulator disapproves Alzheimer’s new drugSC says no restrictions on voluntary name banners along Kanwar route eateriesFM favours debt reduction but sans affecting economic growthKargil Victory Day: PM warns Pak against practising terrorismChina pumps in subsidies worth USD 41 bn into car sectorMisc - Payments made to Government cannot be deemed to be a tax merely because statute provides for their recovery as arrears: SC CBMisc - Royalty not a tax; royalty is contractual consideration paid by mining lessee to lessor for enjoyment of mineral rights & liability to pay royalty arises out of contractual conditions of mining lease: SC CBMisc - Since power to tax mineral rights is provided for in Entry 50 of List II, Parliament cannot use its residuary powers in this subject matter: SC CBCus - Owner of goods has a liability to pay customs duty even after confiscated goods are redeemed on payment of fine - Interest follows: SC

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Make in India - Hire a judge the Californian way!


Make in India

In 1996 there was a song by Alisha Chinai, 'Made in India', if anyone is interested they can listen to it on youtube. With due respects to the learned author, of course there are frivolous appeals by the Department where the Courts can award costs to the winner to free the manpower from unnecessary litigation both in the Government and the Judiciary as well, as suggested by the author. High Courts can not be specialized, see L.Chandrakumar's case to learn about High Courts which are very highly placed institutions in this Country. As to the appointment of extra judges in Supreme Court to deal with tax matters, 60% of their time, that too looks not feasible, as the Courts are more concerned about upholding of the fundamental rights of the citizens enshrined in the Constitution of India, and other important civil matters. Once an interim order is issued by the Court in a tax matter, the issue has to come up in its own turn, as people are heavily taxed one way or the other by myriad departments of both the Central and State Governments, both on and off the records. As to the author's suggestion of improvement of infrastructure like good roads and continuous supply of power, it is utopia which people all the time expect but do not see. On the whole it's a good article. And there can be a 'like' button at the end of each article, as provided in the facebook page.

Napolean B 11/09/2015

 

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