income tax

Misusing Statistics

Apologists for Prime Minister Modi’s Demonetisation policy are now claiming it led to a  big rise in direct tax revenues for Financial Year (FY) 2016-17. See, for instance this from Swarajya:  Does this stack up? The obvious logical flaw in this line of reasoning is the well-known ‘Post hoc ergo propter hoc’ fallacy. This is …

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justice-is-not-blind

Can IT Authorities Summon Judge Indrajit Mahanty for questioning?

10th September, 2016, Cuttack: One is puzzled by the accounting treatment for Justice Indrajit Mahanty’s Rs 2.5 crore working-capital loan for his hotel, The Triple C. Lakhs of rupees are withdrawn and repaid every month in two SBI loan accounts in the name of “Justice Indrajit Mahanty” and strangely, not in the name of Latest …

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