Steno Kailash Chandra Vol-1 Dictation No. 1013

So it has to be considered whether it is relief in taxation which will lead to a reduction of unemployment or whether it is raising of taxation to the utmost levels which will dry up the resources and channels of capital formation and thereby not only retard all further development but might also throw the functioning of present industries out of gear. So my submission is that when the Taxation Enquiry Committee has been appointed it is only logical to expect that no substantial changes in the taxation structure will be made until the findings of that Expert Committee are known until we know the incidence of taxation in the various sectors of our economy.