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Memories of Another day

Memories of Another day
While my Parents Pulin babu and Basanti devi were living

Monday, February 28, 2011

Fwd: [bangla-vision] HOND CHILLAR MASSACRE OF SIKHS: Rajiv Gandhi said, "When a big tree falls, the earth shakes in 1984 (During the Sikh Genocide in November, 1984, in the Democratic India)" by Dr Awatar Singh Sekhon* (Machaki)



---------- Forwarded message ----------
From: DR AWATAR SINGH SEKHON <assekhon@shaw.ca>
Date: Mon, Feb 28, 2011 at 10:09 AM
Subject: [bangla-vision] HOND CHILLAR MASSACRE OF SIKHS: Rajiv Gandhi said, "When a big tree falls, the earth shakes in 1984 (During the Sikh Genocide in November, 1984, in the Democratic India)" by Dr Awatar Singh Sekhon* (Machaki)
To: yousafzai49@gmail.com, PakistanFront@yahoogroups.com, Pakistanpost@yahoogroups.com
Cc: Worldmedia2000@yahoogroups.com, Bangla-vision@yahoogroups.com


 

HOND CHILLAR MASSACRE OF SIKHS: Rajiv Gandhi said, "When a big tree falls, the earth shakes in 1984 
(During the Sikh Genocide in November, 1984, in the Democratic India)"

Dr Awatar Singh Sekhon* (Machaki)

Since 15th August, 1947, when the Sikh Raj of monarch Ranjit Singh, 1799 to 14th March, 1849, following its "annexation" to the British Empire on 29th March, 1849, the Sikh Nation, Punjab, the First 'Sovereign and Secular' Nation of South Asia, was 'swallowed' by the 'unelected' leadership of the Brahmins-Hindus, becoming the masters of the 'British India Empire, formerly known as the British East India Company, 'robbed' the Sikh Nation, Punjab into a 'Landless Sikh Nation', and made the Sikh Nation, Punjab, as a 'colony' of the alleged Indian democracy of the 'Brahmins-Hindus' on 15th August, 1947, right after receiving the political power, on the platter, from the British agent. Since 15th August, 1947, the 'Brahmins-Hindus' alleged Indian democracy or the 'Institution' of democracy so to speak. Since 15th August, 1947,the 'Institution' of the Brahmins-Hindus has 'exterminated' more than 3.4 million (32-lac) Sikhs in various genocide and massacres in 1978, 1980s, an undeclared war on the 'Landless Sikh Nation, Punjab', following Punjab's division into Punjab, Haryana and Himachal Pradesh in 1966 by the Indira Gandhi's administration. Besides, the Institution of Brahmins-Hindus exterminated more than 200,000 Muslims of the Internationally Disputed Areas of Jammu and Kashmir (since 1988), more than 500,000 Muslims in general; more than 312,000 Christians; more than 15,000 Assamese and 7-sister of Assam; more than 15,000 Tamils of Tamilnadu; hundreds of thousand of Dalits; hundred of thousand of Moolnivasis, Biharis, citizens of Orrissa; to get rid of non-Brahmins-Hindus from the alleged Indian 'Institution' of democracy.

Since last week, the genocide of Sikhs in 'Hond Chillar, Rewari district of Haryana, formerly of Punjab before 1966', the 'Institution' of Brahmins-Hindus, its news media (ATN, Zeenews in Punjabi on Alpha Punjabi channel, 09:30-10:00 Hrs, MST, on 27th February, 2011) 'never' discussed the massacre/genocide of Sikhs in question. It is interesting that the ATN (Asian Television News) personnel never discussed the present 'genocide' of Sikhs. What has been the reason that the Zee news personnel kept quite since the 'genocide of Sikhs in 1984 and an 'undeclared' war on the Sikh Nation, Punjab (under the occupation of the 'Institution' of Brahmins-Hindus' democracy) in the form of a brutal military "Operation Bluestar" of June, 1984; as well as the 'genocide' of the Muslims of Gujarat in 2003-2004, in which more than 15,000 Muslims were killed mercelessly? The Zee news and ATN must ask how did the ten Information Minister of the BJP, Uma Bharti, in the New Delhi administration tried to 'censor' the news of the genocide, but it was late, unfortunately. The newscast happened just before 15-min when the minister went to the All India Radio (AIR) to ask for the suppression of the genocide-related newscast. That is how the so called democracy in the Brahmins-Hindus India works, along with the modus operandi of the alleged Brahmins-Hindus democracy, the 'Institution'. The name of the game is to 'exterminate' the non-Hindus-Brahmins in the 'Institution'

It is interesting to note that the stalwarts of international democracy never asked/reported/discussed the massacre of Sikhs in 'Hond Chillar in the Rewari district of Haryana, as well as maintaining their quiteness for the 'genocice of the Sikhs' ? Is this because the genocide of the Sikhs, since 15th August, 1947, is 'not' an important matter? Is it because the Sikhs of Punjab, 'Landless Sikh Nation', are not important to the international democratic countries? Or else, these democratic nations are afraid from the 'Institution of the Brahmins-Hindus for loosing the economic relations of the so-called Brahmins-Hindus' alleged Indian democracy? Or, they (North American nations, European countries and the countries of South-east Asia) are being furnished 'disinformation' on the Sikhs of Punjab, 'Landless Sikh Nation', Punjab by the 'Brahmins-Hindus' 'Institution', called a 'progressed/progressive' country by the President of the United States of America during his visit to the 'Institution' of Brahmins-Hindus. As the author views it, the Brahmins-Hindus are a divisive, deceitful and anti-Brahmins-Hindus minorities.

It is interesting to note that Hanera (Prakash/Darkness) Sinh Badal and his "joe boy" Avtar Sinh Makkar of the SGPC and Akali Dal-Badal Private Limited Incorporation, the former being an agent of Research and Analysis Wing and both being the members of the Rashtriya Sikh Sangat, a branch of Hindus' Bhartiya Janta Party (BJP), are planning to visit Hond Chillar, the place of Sikhs' genocide. One must not forget that the elections in Punjab and SGPC are due in 2012. These both turbaned 'Brahmins-Hindus' in 'The Sikh Identity' will certainly go there to get their political mileage for their elections.

The Sikhs must not forget the teachings of their 10th Master, Sahib Guru Gobind Singh ji: "Koi kisi ko Raj Na De hai, jo bhee lai hai Nijbal se le Hai."
It is nothing hidden from the world that the "Sikhs have been struggling To Regain Their Lost Sovereignty, Independence, and Political Power, by peaceful means, since 14th March, 1849, without any interruption (25 Years After 1984 Assault  on Durbar Sahib Laying the Foundation of Khalistan (ed) Awatar Singh Sekhon, June 2009, ISBN 0-9548929-4-1; a publication of the London Institute of South Asia <www.lisauk.com>; THE SIKHS: SOVEREIGNTY TO SLAVERY by Dr Awatar Singh Sekhon ISBN 978-0-9811360-8-0, August 2010)."

The Sikhs has nothing to do with the 'Brahmins-Hindus' and their 'Institution' of alleged Indian democracy'. This has been amply made clear by their members of parliament in 1948, 26th November, 1949, 1950 and 6th September, 1966 (Sardar Hukam Singh, Sardar Bhupinder Singh Maan and Sirdar Kapur Singh, ICS, MP, MLA and the National Professor of Sikhism), when they tore apart the Indian Constitution 1950, in its draft and final forms, and said that the Constitution is not worth the paper written on it. The Sikhs 'Do Not' accept the Constitution. Rather, they 'reject' it in the parliament.

* Note: The author is the Editor in Chief, International Journal of Sikh Affairs 1481-5435.
*****

__._,_.___


--
Palash Biswas
Pl Read:
http://nandigramunited-banga.blogspot.com/

Fwd: CC Issue 27, Feb - Price Of Food Is At The Heart Of This Wave Of Revolutions



---------- Forwarded message ----------
From: Countercurrents <editor@countercurrents.org>
Date: Mon, Feb 28, 2011 at 12:37 AM
Subject: CC Issue 27, Feb - Price Of Food Is At The Heart Of This Wave Of Revolutions
To: palashbiswaskl@gmail.com



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Thousands Feared Dead  In Gaddafi's Crackdown On Libyan Uprising
By Anjali Kamat

http://www.countercurrents.org/kamat270211.htm

The United Nations is warning thousands of people may have been killed in Colonel Muammar Gaddafi's assault on the growing popular uprising across Libya. The United Nations is also warning Libya's food supply network is on the brink of collapse. Deadly clashes are ongoing as anti-government forces close in on the capital city of Tripoli. We get a report from Democracy Now!'s Anjali Kamat in Libya


The Price Of Food Is At The Heart Of  This Wave Of Revolutions
By Peter Popham

http://www.countercurrents.org/popham270211.htm

No one saw the uprisings coming, but their deeper cause isn't hard to fathom


Behind The Arab Revolt Is A Word
We Dare Not Speak
By John Pilger

http://www.countercurrents.org/pilger270211.htm

The people's triumph in Cairo was the first blow against what Benito Mussolini called corporatism, a word that appears in his definition of fascism


Lessons And Signs Of Hope Amidst
The Carnage In Libya
By Stephen Zunes

http://www.countercurrents.org/zunes270211.htm

Gaddafi's violence is backfiring as many of those who work for his regime—from pilots to soldiers to diplomats—are refusing to continue


Middle East Protests Continue For Unmet Demands
By Stephen Lendman

http://www.countercurrents.org/lendman270211B.htm

So far, weeks of regional protests achieved nothing. Despite ousting Egypt's Mubarak and Tunisia's Ben Ali, their regimes remain in place, offering nothing but unfulfilled promises


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http://www.countercurrents.org/nichols270211.htm

Tens of thousands of people protested in Wisconsin on Saturday against a state government push to curb the power of public sector unions, sparking solidarity rallies for labor rights around the United States


'Mad As Hell' In Madison
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http://www.countercurrents.org/nader270211.htm

The large demonstrations at the state Capitol in Madison, Wisconsin are driven by a middle class awakening to the spectre of its destruction by the corporate reactionaries and their toady Governor Scott Walker


Bigger Than Unions, Bigger Than Wisconsin
By Micah Uetricht

http://www.countercurrents.org/uetricht270211.htm

How Americans across professions, religions, and states are uniting in opposition to Wisconsin's anti-union bill—and cultivating a movement that reaches far beyond the state border


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http://www.countercurrents.org/lendman270211.htm

Wisconsin is ground zero. As it goes, so goes America, so it's crucially important to resist, stay resolute, stand fast, and refuse to surrender rights too important to lose. It's their call and our obligation to support them


Why All Workers Should Support Unions
By Shamus Cooke

http://www.countercurrents.org/cooke270211.htm

It's official: Republicans have declared war on organized labor. Unclear to millions of unorganized workers is whether or not they should care


The Genie Is Out Of The Bottle
By Uri Avnery

http://www.countercurrents.org/avnery270211.htm

If Israeli political and intellectual leaders were to stand up today and openly declare their solidarity with the Arab masses in their struggle for freedom, justice and dignity, they could plant a seed that would bear fruit in coming years


In Re Barak, "Bullahs," Blackwater, Bounties
And The Special Tribunal For Lebanon (STL)
By Franklin Lamb

http://www.countercurrents.org/lamb270211.htm

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Sykes-Picot Regime Is Falling Down
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http://www.countercurrents.org/zkhan270211.htm

The current revolution which started in Tunisia and soon spread to Egypt, Yemen, Jordan, Libya, Iraq, Algeria, Bahrain and Mauritania etc., is the second popular attempt to dislodge and break free of the Sykes-Picot shackles


The Godhra Verdict: The Conspiracy Theory
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If there was a "conspiracy" in Godhra, it was not by the Muslims. Ashish Khetan picks apart Judge Patel's verdict and shows how a devious lie was constructed


Interview With Bill McKibben And Gregory Vickrey
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Interview With Bill McKibben, Winner of Puffin/Nation Prize for Creative Citizenship and Gregory Vickrey, Winner of International Peanut Butter Subsistence Prize


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Through The UAE Prism
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While the Arab world is experiencing the snowballing effect, people are chucking snow balls at each other in Dubai's malls. Just when the Jasmine Revolution overthrew Ben Ali in Tunisia, pulse points were touched with the fragrance of jasmine in the stores of the United Arab Emirates that have no inclination for any other kind of flower power


Berlusconi: The Man Of Scandals
By Kourosh Ziabari

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As the Italian parliament has recently abolished the law of immunity for the Prime Minister, it can be expected that Silvio Berlusconi may stand trial and be held responsible over his countless crimes and wrongdoings


Waterborne Diseases Likely To Erupt
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http://www.countercurrents.org/pgpf270211.htm

The escalating critical water problem in Gaza can give rise to a major outbreak of waterborne diseases such as cholera which would inevitably spread to the surrounding areas, the Mediterranean coasts and straight into Europe


America's Total Surveillance Society
By Stephen Lendman

http://www.countercurrents.org/lendman270211A.htm

Big Brother now watches everyone, including with growing numbers of digital cameras monitoring streets, commercial areas, airports, highways, public and private transportation, government and office buildings, and shopping malls - virtually everywhere people congregate, work, reside, recreate, or inhabit for any reason


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Libya Payback: The Price Of Colonialism
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Of all the uprisings in the Maghreb, the case of Libya is perhaps the most opaque. Is the country a locus of true spontaneous insurrection or simply the target of an opportunistic maneuver by the West?


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As the wave of popular uprisings has spread across the Arab world, a flurry of articles have appeared suggesting Venezuelan President Hugo Chavez could be the next "dictator" to be overthrown. Such arguments follow a pattern in the corporate media of slandering the Chavez government and the revolutionary process it leads


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Green Revolution has already played havoc with the intensively farmed regions in India. The use and abuse of chemical inputs have already taken a heavy toll. Soils are poisoned, environment is contaminated, aquifers have gone dry, and the resulting the food chain has become unhealthy. The devastation wrought by the NPK model of agriculture, and the unwanted application of chemical pesticides, have in many ways caused a kind of a Holocaust that remains hidden from public glare


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--
Palash Biswas
Pl Read:
http://nandigramunited-banga.blogspot.com/

Fwd: [bangla-vision] The military/media attacks on the Hastings article



---------- Forwarded message ----------
From: Romi Elnagar <bluesapphire48@yahoo.com>
Date: Mon, Feb 28, 2011 at 4:53 AM
Subject: [bangla-vision] The military/media attacks on the Hastings article
To:


 

The military/media attacks on the Hastings article

The military/media attacks on the Hastings article
AP
.S. Lt. Gen. William Caldwell, the commander of NATO's mission to train Afghan policemen and soldiers Kabul, speaks in Kabul, earlier this month.

Last June, when Rolling Stone published Michael Hastings' article which ended the career of Obama's Afghanistan commander, Gen. Stanley McChrystal -- an article which was just awarded the prestigious Polk Award -- the attacks on Hastings were led not by military officials but by some of Hastings' most celebrated journalistic colleagues.  The New York Times' John Burns fretted that the article "has impacted, and will impact so adversely, on what had been pretty good military/media relations" and accused Hastings of violating "a kind of trust" which war reporters "build up" with war Generals; Politico observed that a "beat reporter" -- unlike the freelancing Hastings -- "would not risk burning bridges by publishing many of McChrystal's remarks"; and an obviously angry Lara Logan of CBS News strongly insinuated (with no evidence) that Hastings had lied about whether the comments were on-the-record and then infamously sneered:  "Michael Hastings has never served his country the way McChrystal has."  Here's Jon Stewart last year mocking the revealing media disdain for Rolling Stone and Hastings in the wake of their McChrystal story.

Hastings has now written another Rolling Stone article that reflects poorly on a U.S. General in Afghanistan.  The new article details how Lt. Gen. William Caldwell "illegally ordered a team of soldiers specializing in 'psychological operations' to manipulate visiting American senators into providing more troops and funding for the war" and then railroaded the whistle-blowing officer who objected to the program.  Now, the same type of smear campaign is being launched at Hastings as well as at his primary source, Lt. Col. Michael Holmes:   from military officials and their dutiful media-servants.  Ever since publication of this new article, military-subservient "reporters" have disseminated personal attacks on Hastings and his journalism as well as on Holmes and his claims, all while inexcusably granting anonymity to the military leaders launching those attacks and uncritically repeating them.  As usual, anyone who makes powerful government or military leaders look bad -- by reporting the truth -- becomes the target of character assassination, and the weapon of choice are the loyal, vapid media stars who will uncritically repeat whatever powerful officials say all while shielding them from accountability through the use of anonymity.

Here, for instance, is what Norah O'Donnell said on MSNBC when reporting on the controversy with Tamron Hall:

O'DONNELL: I have been talking to a number of sources today who have said one, that any report coming from The Rolling Stone and this author Michael Hastings, who also "went after" another general, Stanley McCrystal, should be met with a healthy dose of skepticism. The title of this, Tamron, is "Another Runaway General":  remember that Michael Hastings already brought down another General, Stanley McCrystal. . . . I can tell you that there are a number of people in the military and the Defense Department who are not happy with The Rolling Stone because of what happened earlier with General Stanley McCrystal.

HALL: They can't be happy with it, but if it's what happened, the person is reporting it and it's factual, then that's what they have to deal with. You're not always happy with the truth.

O'DONNELL: That's true, but remember that they, they still question a lot of the previous article even though that brought down General Stanley McCrystal.

Who is it who says that "any report coming from The Rolling Stone and this author Michael Hastings . . . should be met with a healthy dose of skepticism," and what's the basis for that accusation?  Who knows?  O'Donnell just mindlessly passes on the smear, protecting the identity of the accusers while failing to identify a single specific reason why Hastings' journalism should be called into question.  She's simply acting as dutiful, protective spokesperson-stenographer for military leaders (O'Donnell also emphasized:  "this general in question, General Michael Caldwell, he is the head of training the Afghan security forces.  This is the linchpin, Tamron!  The linchpin of the war . . . This is how we get out . . . and make sure Afghan security forces are trained" -- as though Caldwell is such an Important General that Hastings should be ashamed of himself for reporting negatively on him, just as Logan suggested about Gen. McChrystal).

Meanwhile, The Wall Street Journal's Pentagon reporter Julian Barnes has now written two separate articles which do virtually nothing other than mindlessly amplify the military's attacks on Lt. Col. Holmes and Hastings' story based exclusively on military officials to whom he grants anonymity.  He thus notes that "privately, military officers cast doubt on the accusation"; that what Holmes complained about "is a routine part of military staff work, officials said"; that -- contrary to his claims to Rolling Stone -- Holmes "was not trained in the military specialty [of psy-ops], Defense Department officials said"; that "officers speaking privately rallied to the defense of Gen. Caldwell"; and that "a military officer who served with Lt. Col. Holmes and under Gen. Caldwell said the accusation is baseless."

In other words, military officials want to impugn Holmes and Hastings, but are afraid to attach their names to their claims and thus be accountable for them -- exactly the way these officials seek to influence the Afghanistan war debate with covert propaganda, all without any accountability.  So they instruct their media servants to disseminate their message anonymously, uncritically, and without a shred of accountability, and "journalists" like O'Donnell and Barnes then snap into line and comply.  As a result, the focus of the story has been quickly shifted away from Holmes' allegations of illegal military propaganda to whether Hastings is a bad journalist and whether Holmes has integrity:  all accomplished without any of these military officials having to speak publicly or even to offer any specifics.  As Hastings told me today:

The key question -- which they are trying to avoid -- is whether it's legal to use an information operations cell-- trained to conduct psychological operations, among other things -- to influence and manipulate U.S. senators. Two lawyers told Holmes it was illegal, and other experts I spoke to said the same thing. But a few media outlets have quickly turned their focus on Holmes in an obvious attempt to discredit him. Now, General Caldwell and his people claim that what the general and his staff were doing was "innocent." I don't doubt Gen. Caldwell and his friends actually believe that -- and that is what's truly disturbing.

That's what our establishment media outlets largely are for:  to disseminate and amplify the messages of our most powerful political, military and financial factions without any accountability.  

Indeed, this is exactly the same thing that happened when Hastings published his McChrystal story.  Several of the largest media outlets granted anonymity to military leaders to attack Hastings and impugn his character:

The Washington Post and ABC News explained Monday why both news organizations relied on anonymous sources for stories claiming that Rolling Stone may have violated source agreements in reporting its explosive profile of Gen. Stanley McChrystal.

"The sources would only allow us to use the material on condition of anonymity," Post National Security editor Cameron Barr told Yahoo! News. . . .Yahoo! News called attention to the Post's initial story shortly after it went online Friday, noting that reporter Karen DeYoung relied on an unnamed "senior military official" to make allegations against Rolling Stone reporter Michael Hastings' methods for sourcing. The official did not provide evidence to back up his or her viewpoint, such as specific quotes in the Rolling Stone article that were supposedly off the record, or the point at which an off-the-record agreement was hashed out.

Still, the Post reported that some anonymous officials believe Hastings "betrayed" McChrystal. . . .Shortly after the Post's story ran online, ABC News' Luis Martinez published a blog post raising similar questions about Rolling Stone's sourcing, and similarly relied on information from a "senior military official."

Granting anonymity to powerful political and military officials to attack journalists, watchdogs and whistleblowers is about the lowest and most journalistically reckless act a reporter and their editors can undertake -- recall this recent anonymous attack on departing TARP watchdog Neil Barofsky by a Treasury official and enabled by The Washington Post -- as it turns these media outlets into nothing more than protectors of those officials and mindless amplifiers of their attacks, which, thanks to the anonymity, can never be engaged.  But that's what they want to be; it's what they are; and that's why these officials tell them they will comment only under the cover of anonymity:  because they know it will be immediately granted the minute it's demanded regardless of whether there is any journalistic justification for it.

Anonymity does have a valid purpose in journalism:  its legitimate purpose is to protect the vulnerable and powerless when they expose wrongdoing by those who wield power.  But most establishment journalists have completely reversed that, so that anonymity is used to protect those with the most power:  to enable them to make all sorts of public claims and launch all kinds of attacks on critics without being accountable.  When anonymity is used for those purposes, it is inherently and incomparably corrupt (that, of course, is the dynamic that led to public acceptance of patently false claims justifying the Iraq War).  But this perversion of anonymity from what it was supposed to be (a means of holding the powerful accountable) into a power-shielding weapon is simply a microcosm of the broader reversal by establishment journalists of the old dictate to "afflict the powerful and comfort the powerless."  Most establishment journalists -- by definition -- do exactly the opposite, and their eagerness to indiscriminately grant anonymity to the nation's most powerful officials is simply one manifestation of that power-serving mindset.


>>> More at http://www.salon.com/news/opinion/glenn_greenwald/index.html 


__._,_.___

--
Palash Biswas
Pl Read:
http://nandigramunited-banga.blogspot.com/

Fwd: TaxGuru.in : Legal & Tax Updates



---------- Forwarded message ----------
From: LEGAL & FINANCIAL UPDATES FROM TAX GURU <info@taxguru.in>
Date: Mon, Feb 28, 2011 at 9:38 AM
Subject: TaxGuru.in : Legal & Tax Updates
To: palashbiswaskl@gmail.com


TaxGuru.in : Legal & Tax Updates

Link to LEGAL & FINANCIAL  UPDATES FROM TAX GURU

Students' Column- Cenvat Credit for Service Tax Simplified

Posted: 27 Feb 2011 07:55 PM PST


CA LALIT MUNOYAT 1)      Any government of the day requires enormous funds for the development, maintenance and growth of the economy of the country and the main source of collecting these funds is levy of taxes.  The taxation policy of the...

[[ This is a content summary only. Visit www.taxguru.in for full article ]]

FAQs on Easy Exit Scheme, 2011

Posted: 27 Feb 2011 06:37 PM PST


What is Easy Exit Scheme (EES), 2011? "Easy Exit Scheme, 2011" is a scheme to give opportunity to the defunct companies to get their names struck off from the register under Section 560 of the Companies Act, 1956.  What is the time period of the...

[[ This is a content summary only. Visit www.taxguru.in for full article ]]

Get SMS Alert for Annual Filing eForms filed with ROC

Posted: 27 Feb 2011 06:35 PM PST


How can the stakeholder avail the SMS Alert Facility? This facility is available for both, new and registered users. Kindly follow the below mentioned steps to register for the SMS Alert Facility:  For New User :- Click on "New User Registration"...

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Budget may contain some relief for exporters

Posted: 27 Feb 2011 06:32 PM PST


Finance Minister Pranab Mukherjee is likely to accept exporters demand, like extension of concessional credit scheme, when he presents the General Budget in Parliament tomorrow. While exports are showing healthy growth rate of over 29 per cent,...

[[ This is a content summary only. Visit www.taxguru.in for full article ]]

'Only CSR disclosure to be mandatory in Cos Bill'

Posted: 27 Feb 2011 06:07 PM PST


Amid sharp differences over making CSR mandatory, the government may ask corporates to only disclose to shareholders whether they have made a contribution of 2 per cent of net profit toward corporate social responsibility activities.  The Companies...

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Union Budget to decide the sentiment in equity market

Posted: 27 Feb 2011 06:05 PM PST


When the Union Budget 2011-12 is tabled in Parliament today, it can be a "game changer" for the stock market, which is currently grappling with macro-concerns, including inflation and the crisis situation in the Middle East and North...

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Budget may lower farm loan interest to 4 pc; push agri-infra

Posted: 27 Feb 2011 06:03 PM PST


With high inflation, especially food prices much beyond comfortable levels, the Budget is likely to provide sops to the farm sector including reduction in interest rate to 4 per cent for timely re-payments and boosting investments in...

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Budget likely to give boost to infrastructure sector

Posted: 27 Feb 2011 06:01 PM PST


Finance Minister Pranab Mukherjee is likely to announce steps to boost the infrastructure sector in his Budget tomorrow with a view to sustaining over 9 per cent growth in the coming years. The initiatives could include raising the limit for...

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FM likely to raise IT exemption limit to Rs 2 lakh

Posted: 27 Feb 2011 05:59 PM PST


Tax experts are hopeful Finance Minister Pranab Mukherjee will increase the income tax exemption limit to Rs 2 lakh per annum from Rs 1.6 lakh to bring the rates in line with the Direct Taxes Code (DTC).  To align the exemption limits under personal...

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Court case against Infosys accuses it of visa and tax fraud

Posted: 27 Feb 2011 05:58 PM PST


An American employee of Infosys has filed a case against the company accusing it of visa and tax fraud. In his complaint filed before an Alabama Court early this week, one Jack Palmer said he worked for Infosys "as a Principal –...

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Union Budget may not tinker too much with duty rates -CARE

Posted: 27 Feb 2011 05:54 PM PST


No increase in passenger fares and freight rates in the Railway budget presented on Friday, might be seen as an expectation of no significant increase in excise duties in the coming Union Budget on Monday. CARE Ratings on Friday said it expects no...

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Rail Budget 2011-12- Who praised Mamata, who slammed her

Posted: 27 Feb 2011 05:52 PM PST


Railway Minister Mamata Banerjee presented the Railway Budget for 2011-12 on Friday. While her supporters hailed the budget, her detractors are up in arms, dumping the budget as the West Bengal poll manifesto. Though a host of pro-public...

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Significant tax proposals by Gujarat, Kerala, Karnataka and Madhya Pradesh States in their State Budget announced in February, 2011

Posted: 27 Feb 2011 04:00 AM PST


Significant tax proposals by Gujarat, Kerala, Karnataka and Madhya Pradesh States in their State Budget announced in February, 2011

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Royalty agreement renewed is in substance a new agreement and therefore entitled to the lower rate of withholding tax

Posted: 27 Feb 2011 03:59 AM PST


National Engineering Industries Ltd. (the taxpayer) had entered into a License & Technical Assistance agreement with Brenco Inc., USA on 19th August, 2002 which expired on 25th June, 2007. Under the agreement the taxpayer was required to pay a...

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Transfer Pricing- Documentation is required to be maintained contemporaneously on an annual basis

Posted: 27 Feb 2011 03:48 AM PST


The Delhi bench of the Income Tax Appellate Tribunal (Tribunal) recently pronounced its ruling in the case of Airtech Private Limited (Appeal no. ITA 3591 Del )/2010) on documentation aspect of transfer pricing (TP). The Tribunal held that...

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Transfer pricing- Tribunal provides guidance on recovery of pre-commencement costs

Posted: 27 Feb 2011 03:45 AM PST


The Hyderabad Bench of the Income-Tax Appellate Tribunal [the Tribunal] has in the case of M/S Convergys Information Management (India) (F) Ltd. v. DCIT [ITA no. 299/Hl/2009] , held that in a cost plus arrangement expenses incurred post the date of...

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In case of wrong availment of CENVAT Credit Interest payable from date of availment and not from date of utilization- SC

Posted: 27 Feb 2011 03:38 AM PST


The Supreme Court thus held that the attempt of the High Court to read down the provision by way of substituting the word "OR" by an "AND" is erroneous and therefore interest in case of wrong availment of cenvat credit has to be paid from the date...

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B/F business losses can be set off against other sources of income which are in the nature of business income, though chargeable to tax under another head of income

Posted: 27 Feb 2011 03:31 AM PST


Though currently dividend income is exempt, the above decision lays down a principle that brought forward business loss can be set off against other sources of income which are in the nature of business income, though chargeable to tax under another...

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Non-issue of s. 143(2) notice renders s. 147 assessment order invalid

Posted: 27 Feb 2011 03:27 AM PST


It is mandatory for the AO to issue notice u/s 143 (2). The issuance and service of notice u/s 143 (2) is mandatory and not procedural. If the notice is not served within the prescribed period, the assessment order is invalid

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Proviso to Section 14A bars reassessment but not original assessment on the basis of the retrospective amendment

Posted: 27 Feb 2011 03:26 AM PST


The proviso to Section 14A only bars reassessment/rectification and not original assessment on the basis of the retrospective amendment. The proviso does not stipulate and state that Section 14A of the Act cannot be relied upon during the course of...

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Processing of Income Tax refund – CBDT chairman asked to Process Income Tax Refund by March 15 2011

Posted: 27 Feb 2011 03:25 AM PST


In the last Video Conference as also through a Message from the Chairman's Desk, all the CCITs were requested to personally monitor processing of Returns & expeditiously issue refunds. Still, out of around 61.4 lac Returns entered in the system...

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CBI Files Chargesheet against Ex-MLA for Violation of FCRA

Posted: 27 Feb 2011 07:15 AM PST


The Central Bureau of Investigation has filed a chargesheet in the Court of Chief Metropolitan Magistrate, Tis Hazari Courts, Delhi against an ex-MLA of Punjab Vidhan Sabha from Sangrur Constituency for violation of provisions of Foreign...

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