Taxmen have power for provisional attachment before final assessment
Sunday, August 4, 2019, 5:48 PM
The income tax act empowers the department to go in for provisional attachment of assets even before assessment is complete. Section 281b of the Income Tax Act allows assessing officers to go for provisional attachment for protecting revenue, sources said, rejecting charges of "tax terrorism" in the aftermath of the suicide of Cafe Coffee Day owner V G Siddhartha.
Data ownership issues cloud states scheme for skills development
Tuesday, November 6, 2018, 1:44 PM
A year after entering into an agreement with software company Mindtree for implementing its ambitious Kaushalya Karnataka skill-development programme, state has decided not to renew the partnership citing data privacy as a main concern. In an election year when the Skill-Development, Entrepreneurship and Livelihood Department was under pressure to implement the scheme to train and provide employment to a large number of unemployed youth.