Taxation
Supreme Court seeks AG's help in deciding plea to amend IT Act

While agreeing to hear the case, the apex court said it was considering to take suo motu cognisance of recent incidents of arrest of people and wondered why nobody had so far challenged the particular provision of the IT Act

 
New Delhi: Concerned over recent incidents of arrest of people allegedly for posting offensive messages on social networking sites, the Supreme Court on Thursday agreed to hear a plea to amend the Information Technology (IT) Act and sought Attorney General GE Vahanvati's help in deciding it, reports PTI.
 
A bench headed by Chief Justice Altamas Kabir, however, refused the petitioner's plea that no coercive action should be taken by the government authorities against people for posting such messages on websites during pendency of the case.
 
The court posted the matter for further hearing tomorrow.
 
While agreeing to hear the case, the bench said it was considering to take suo motu cognisance of recent incidents of arrest of people and wondered why nobody had so far challenged the particular provision of the IT Act.
 
The court was hearing a public interest litigation petition filed by Delhi student Shreya Singhal, who contended that "the phraseology of Section 66A of the IT Act, 2000 is so wide and vague and incapable of being judged on objective standards, that it is susceptible to wanton abuse and hence falls foul of Article 14, 19 (1)(a) and Article 21 of the Constitution." 
 
She submitted that "unless there is judicial sanction as a prerequisite to the setting into motion the criminal law with respect to freedom of speech and expression, the law as it stands, is highly susceptible to abuse and for muzzling free speech in the country." 
 
The arrests which have been referred to by Shreya in her petition include that of a 21-year-old girl for questioning on Facebook the shutdown in Mumbai after Shiv Sena leader Bal Thackeray's death, which was 'liked' and shared by her friend, who was also arrested.
 
Meanwhile, the government today issued guidelines that state approval from an officer of DCP level at rural areas and IG level in metros will have to be sought before registering complaints under section 66A of the IT Act.
 

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No official reports of black money of companies in foreign banks: Government

In a written reply Minister of State for Finance SS Palanimanickam said there are no official or authentic reports of large scale stashing of black money belonging to corporate houses in foreign banks

 
New Delhi: There are no "official" reports of large-scale stashing of black money belonging to corporate houses in foreign banks, Parliament was informed on Thursday, reports PTI.
 
"No...there are no official or authentic reports of large scale stashing of black money belonging to corporate houses in foreign banks," Minister of State for Finance SS Palanimanickam said in a written reply to Rajya Sabha.
 
He further said that whenever any credible information on black money is received, appropriate action under the Direct Tax laws is taken to bring to tax any undisclosed amounts.
 
In another reply, the minister said the government has received information under the Double Taxation Avoidance Convention (DTAC) from France about some bank accounts held by certain individuals and non-individuals in the HSBC Bank, Geneva.
 
"Based on the information received from the Government of France, appropriate action under the Direct Tax laws has been taken to bring to tax any undisclosed amounts in such cases," Palanimanickam said.
 
He, however said under confidentiality clause of the DTAC, the information received can be used only for the purposes specified therein.
 

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COMMENTS

NSriramamurty

4 years ago

While all other Countries in the Globe are Using the Information from France & switzerland to trace out How the Account Holders Got the Money and whether any Illegal activity is involved and Prosecuting them,Indian Authorities are telling Stories to Indians that GOI got the information only on Assurance to forign Countries that GOI do utilise the Information ONLY to Recover some Income TAX from them without revealing the Account Holders Names & their Amounts stashed outside.While All Indias fear that it ill--gotten Money involves BLACK Money & Illegal Money , GOI does look into that Angle at all - Obviouly to Protect those Individuals for Mutual Benefit.
disgusting Situation.

Rail Minister hints at passenger fare hike

Bansal had hinted at passenger fare hike soon after he assumed charge as Railway Minister a month ago

 
New Delhi: Railway Minister Pawan Kumar Bansal on Thursday hinted at a hike in passenger fare as he asked Parliamentarians to be "realistic" if they want the railways to move forward, reports PTI.
 
"All that I would like to say is that I would expect the House to be realistic," Bansal said replying to a query from Trinamool member Saugata Ray on passenger fare hike.
 
He said implementation of various safety measures would entail an expenditure of Rs1 lakh crore over a five-year period.
 
"If we want to move forward; if we want the Railways to serve the country as it was mandated to; if we want the Railways to contribute, as we say, about 1.5 to two percentage points to the GDP growth of the country and be a veritable engine of growth; I think I have to come up sometime and then I would solicit the support of the House at an appropriate time," Bansal said.
 
He said projects totalling to Rs4 lakh crore have been delayed for a number of years. "These are projects which have been announced following demands from members and the way we are raising funds, I think it would be difficult for us to complete these projects in the next 50 years," he said.
 
"We have been spreading our resources very thinly across the board and across the large number of projects," Bansal said.
 
He sought cooperation from the members in prioritisation of railway projects to be taken up for implementation.
 
"I wish to make it clear that no project would be scrapped or left out," he said.
 
Bansal had hinted at passenger fare hike soon after he assumed charge as Railway Minister a month ago.
 

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