Journal - March 2007

As per the records maintained in Appellate Tribunal for Foreign Exchange (in short ATFE) the total number of appeals pending in ATFE is 6537 on 31st December, 2006.

Region	Appeal	S.A.	REV.	REST. APPL.	RECT.APPL.	MISC.APPL.	REF. APPL.	BAL. PENDING AS ON 31-12-2006
1977	0	0	0	0	0	0	2	2
1979	2	0	0	0	0	0	0	2
1981	0	1	0	0	0	0	0	1
1982	0	0	0	0	0	0	1	1
1986	2	0	0	0	0	0	0	2
1988	0	10	0	0	0	2	0	12
1989	3	13	0	0	0	0	0	16
1990	1	21	0	0	1	5	0	28
1991	8	53	1	0	0	5	2	69
1992	8	68	2	3	3	18	6	108
1993	27	64	0	1	6	24	6	128
1994	3	58	0	2	2	0	1	66
1995	8	63	0	4	4	17	5	101
1996	9	89	0	2	2	9	14	125
1997	18	58	0	1	0	48	1	126
1998	26	49	0	1	11	56	1	144
1999	18	30	0	2	3	62	4	119
2000	12	94	5	4	3	34	2	154
2001	36	299	1	0	0	12	4	352
2002	50	439	2	0	0	43	10	544
2003	87	1006	0	5	16	104	17	1235
2004	127	900	1	0	7	84	13	1132
2005	69	1206	2	6	8	133	32	1456
2006	94	1380	8	23	39	212	149	1905
TOTAL	608	5901	22	54	105	868	270	7828

India is the only country in the world where it takes more brains to make out the income tax return than it does to make the income.

There was a time when Rs. 2,000/- was the down payment on a car, now it’s the sales tax/ income tax.

Business is tough these days. If a man does something wrong he gets fined, if he does something right be gets taxed.

Capital punishment is when the government taxes you to get capital so that it can go into business in competition with you, and then taxes the profit on your business in order to pay its losses.

It appears that Parliament has found it’s a lot easier to trim the taxpayers than expenses.

The attitude of Parliament toward hidden taxes is not to do away with them, but to hide them better.

Parliament is confronted with the unsolved problem of how to get the people to pay taxes they can’t afford for services they don’t need.

Ours is a democracy where the rich and the poor are alike – both complain about taxes.

A fool and his money are soon parted. The rest of us wait until income tax time.

It’s mistake to believe that government can give things to some people without first taking it away from others.
Everybody works for the government, either on the payroll or the taxroll.

Pity the guy in the middle income bracket - earning too much to avoid paying taxes, and not enough to afford paying taxes.

In preparing his income tax return, the average assessee resembles a girl getting ready to go to the beach. They both take off as much as the law allows.

It is difficult to predict the future of an economy in which it takes more brains to figure out the tax on our income than it does to earn it.

Behind every successful man stands a woman and the CBDT. One takes the credit, and the other takes the cash.
The best tax law is the one that gets the most feathers with the least squawking.

A serious impediment to a successful marriage these days is the difficulty of supporting both the government and a wife on one small income.

Of course you can’t take it with you, and with high taxes, lawyer’s fees, and funeral expenses you can’t leave it behind either.

No respectable person is in favor of nudity, but after paying taxes, some of us may not have any other choice.
Our beloved country has made remarkable progress. Now politicians have arranged to spend taxes before they collect them.

In Russia the people have only what the government gives them, in India the people have only what the government does not take away from them in taxes.

Taxation is the gentle art of picking the goose in such a way as to secure the greatest amount of feathers with the least amount of squawking.

Another difference between death and taxes is that death is frequently painless.

Tax forms are entirely too complicated and get worse every year. All they have to do is “simplify” them one more time and nobody will be able to understand them.

The best things in life are still free, but the tax experts are working overtime on the problem.

A certain Parliamentarian recently informed us that the average Indian is not “tax conscious”, and this is doubtless true. If he shows signs of coming to, he is immediately struck down with another tax.
We have been anesthetized by hidden taxes, hypnotized by indirect taxes, and pulverized by camouflaged taxes.
Taxes and politicians are closely related. Once we get stuck with a tax, the only thing politicians know how to do is to raise it.

A income tax officer in Delhi was recently the victim of a holdup man who took all his money and stripped him to his underwear. Now he knows how we taxpayers feel.