CONTENTS

Vol VIII No 16
Skylark 284 Frere Road Bombay 400 001 Grams Econweekly
Grams Econweekly Editor Krishna Raj Assistant Editors Rajani X Desai, Jawid Laiq Business Manager A Fernandes-Prabhu Editorial Staff Colin de Souza, Ashok Rao, A A Dalvi THE government's much-publicised campaign against tax evasion and black money, with the report of the Direct Taxes Enquiry Committee serving as a sort of combat manual, proceeds in a series of half-hearted skirmishes, The battle proper is never joined. The Committee's recommendation that the government should assume powers to acquire immovable property in cases where the sale deed did not reflect the true market value of the property was put on the statute books last year through the Taxation Laws (Amendment) Act, 1972. Now this week the cabinet is reported to haw approved a more comprehensive bill incorporating some of the Committee's other suggestions.