NEW DELHI: The government on Sunday said it has no vindictive intention in retrospectively amending tax laws and has no plans to re-open a large number of old cases, while assuring India Inc that the I-T department will not act like a \"policeman\".
Interacting with industry leaders here, finance minister Pranab Mukherjee maintained that there was no trust deficit between the government and industry and stressed that the Centre will make all efforts to push forward economic reforms despite constraints of \"limited mandate\".
\"I can assure the industry that there is no intention of opening plethora of the old cases on this plea or that plea because that is simply not permissible (under the laws),\" he said while replying to a question at CII meet here.
News From: http://www.7StarNews.com
Sunday, March 25, 2012
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