-The Telegraph Prime Minister Manmohan Singh may call a meeting of floor leaders of all parties in the Rajya Sabha on Friday to discuss Amendments to the Lokpal bill that could not be passed after the midnight drama on the last day of the extended winter session. Sources said the government would not insist on the inclusion of a Lokayukta clause in the bill. The clause had become the main bone of...

The Supreme Court dismissed the government’s review petition in the Vodafone tax case on Tuesday, affirming its January ruling that put overseas transfers of shares outside the Indian tax net. The review petition and last week’s budget proposals seeking retrospective changes have revived the uncertainty over tax laws, according to government officials, the Planning Commission and businesses. If Parliament passes the budget in its current form, the judgement in the Vodafone case...

Madrasa managements across the country are keenly watching the budget session of Parliament. No, they are not looking forward to the kind of budget that will be presented by the Finance Minister. Their anxiety is to see the promised relief coming in the Right to Education (RTE) Act for minority institutions. The government has promised to bring Amendments to certain sections of the Act seen as having a ‘negative impact'...

-The Economic Times   The Supreme Court has declined to reconsider its ruling that the tax authorities had no jurisdiction to tax Vodafone's offshore acquisition of its Indian mobile unit, handing what could be a pyrrhic victory to the telecom major. The tax demand, government officials familiar with the case said, could be revived once the provisions in the Union Budget seeking to tax overseas deals are approved by Parliament later this...

Parliament has the power and jurisdiction to clarify, enact law or bring Amendments to a law with retrospective effect to remove the basis or defects in a judgment, say legal experts. Under the proposed amendment to the Income Tax Act announced by Finance Minister Pranab Mukherjee in the budget, to come into effect from April 1, 1962, all persons, resident or non-resident, having business connection in India will have to incur...