Steno Kailash Chandra Vol-2 Dictation No. 763

Madam Deputy Chairman, I rise to participate in this discussion not with a view to ventilate particular grievances or to secure concessions and relief in the taxation measures. I am one of those who believe that there is no justification for additional taxation unless the conditions laid down by the Taxation Enquiry Commission are complied with. It was a commission presided over by no less a person than Dr. John Mathai, one of our illustrious Finance Ministers and it laid down that there was no justification for any additional taxation unless we complied with two or three conditions. One condition was that whatever tax was realised was being properly spent that there was no wastage or superfluous expenditure being incurred.