Category: Study

🙏Article is by Ex RBI official Mr GN Rath — some of the issues / points raised –[1] just how did the central bank conclude that the¹ entire stock of 2000 notes is soiled, mutilated and unfit to remain in circulation warranting a mass withdrawal? [2] any change in policies on currency and payments must be preceded by broad consultation and a better enunciation of objectives and ultimate outcomes than the ones that have been offered. —Courtesy BL 25.5.23

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🙏2000 नोटा बाबत आज महाराष्ट्र टाइम्स मध्ये आलेला अग्रलेख—22.5.23 —त्यातील काही आकडेवारी—[1] सकल राष्ट्रीय उत्पादन 160 लाख कोटी रुपये [2] CBI म्हणते –काळे धन 28 लाख कोटी असावे[3] वर्ल्ड बँक म्हणते 32 लाख कोटी रुपये [4] जागतिक नाणे निधी ला वाटते 80 लाख कोटी [5] 2000 नोटा मूल्य 3.62 लाख कोटी रुपये आहे त्यातील किती काळा पैसा आहे ते यथावकाश कळेल—

काही आकडेवारी—[1] सकल राष्ट्रीय उत्पादन 160 लाख कोटी रुपये [2] CBI म्हणते –काळे धन 28 लाख कोटी असावे[3] वर्ल्ड बँक म्हणते 32 लाख कोटी रुपये

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BS news item [22.5.23 ] says [1] politicians, real estate players, underworld leaders and some traders dealing in cash–hold most of the notes [2] players in the grey market for dollars seem to have got wind of the withdrawal and as a result from Wednesday itself the hawala rate which was 85.5 rupees to the dollar had started rising to 87 and the next day to 88. It is now hovering around 91. [3] further the news item — states the law [a] Under PMLA KYC required for cash transactions for above Rs.50,000/_ [b] cash transactions above 2 lacs PAN card is mandatory.

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👍👍👍👍👍Ex-parte order unjustified as revenue failed to carry out primary duty post non-service of notice

Read more at: https://taxguru.in/income-tax/ex-parte-order-unjustified-revenue-failed-carry-primary-duty-post-non-service-notice.htmlCopyright © Taxguru.in Clipped from: https://taxguru.in/income-tax/ex-parte-order-unjustified-revenue-failed-carry-primary-duty-post-non-service-notice.html Stanton Capital (India) P Ltd. Vs ITO (ITAT Ahmedabad) ITAT Ahmedabad held that post non-service of notice, revenue

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