'For various reasons, the Kelkar Committee has never been implemented in its fullest form and shape'

Promise of a Code and a tax

As 2009 comes to a close, India Inc. and individual taxpayers alike would want to reflect on the overall thrust and direction and implementation of tax policy initiatives in India in this decade, begins Sudhir Kapadia, Tax Partner with Ernst & Young, India. “Tax policy, the lost decade?” he wonders, though, in the course of a recent email interaction with Business Line.

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