The govt. policies are failure. Equities are giving negative returns. Govt. is fooling people and so-called highly rated economist FM and PM are puppets.
The Govt is extremely short on finance. It has therefore instructed all departments to extract money using any means.
WHICH IS WHY THERE IS A SPATE OF CASES.
Customs , Excise, Service Tax, Income Tax.. etc etc. Each Govt department is sending show cause notices, demands, summons for taxes, penalty, etc. New types of claims are being fabricated under each law even for businesses which are running legally. In cases where the claims are evidently baseless the Govt departments quietly tell the assessee to come under some compromise settlement so that there is at least some collection. Companies accept this because they cannot afford long drawn litigation - as it is sales are down for all. There is simply no money in the market.
