Public Finance Current Affairs - 2019

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Government extends the term of 14th Finance Commission

The Cabinet has approved the extension of the deadline for the submission of the Report of the 14th Finance Commission by two months to December 31, 2014. The Commission had sought extension of its earlier deadline of October 31 in order for it to ‘examine financial projections and carry out consultations with the governments of Andhra Pradesh Read More…

Month:  Categories: Government Schemes & Projects

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SC Declares Tax Tribunal Unconstitutional

A five judge bench of the SC declared the National Tax Tribunal Act of 2005 as unconstitutional. The impugned legislation envisages creation of tribunals to deal with tax related cases only. The law was declared unconstitutional on the grounds that it took away powers of the higher judiciary to determine questions of substantial law and Read More…

Month:  Categories: Constitution & Law

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