{"id":8036,"date":"2020-07-06T09:39:36","date_gmt":"2020-07-06T04:09:36","guid":{"rendered":"https:\/\/itatonline.org\/articles_new\/?p=8036"},"modified":"2020-07-06T09:39:36","modified_gmt":"2020-07-06T04:09:36","slug":"income-tax-appellate-tribunal-itat-with-sadhguru-in-challenging-times-rebuilding-the-nation","status":"publish","type":"post","link":"https:\/\/itatonline.org\/articles_new\/income-tax-appellate-tribunal-itat-with-sadhguru-in-challenging-times-rebuilding-the-nation\/","title":{"rendered":"Income Tax Appellate Tribunal (ITAT) With Sadhguru In Challenging Times &#8211; Rebuilding The Nation"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/itatonline.org\/articles_new\/wp-content\/uploads\/Shashi-Bekal.jpg\" alt=\"Shashi Bekal\" width=\"129\" height=\"150\" class=\"alignleft size-full wp-image-6435\" srcset=\"https:\/\/itatonline.org\/articles_new\/wp-content\/uploads\/Shashi-Bekal.jpg 129w, https:\/\/itatonline.org\/articles_new\/wp-content\/uploads\/Shashi-Bekal-100x116.jpg 100w\" sizes=\"auto, (max-width: 129px) 100vw, 129px\" \/><strong>An interaction was recently held between Sadhguru and the Hon&rsquo;ble Members of the ITAT, senior officials of the Revenue Department and leading tax professionals. There was a lively debate on the various problems facing the Nation and how these problems can be overcome. Advocate Shashi Bekal has summarized the discussions between the various distinguished personalities and highlighted the core points made by them<\/strong> <\/p>\n<p>An interaction between Sadhguru with the Hon\u2019ble Member of ITAT, Revenue Department, and Tax professions. The Hon&rsquo;ble President of the ITAT,  Justice Mr. P. P. Bhatt, introduced Padma Vibhushan Shri Sadhguru ji, who is  universally acknowledged for his wisdom and work. Former Chief Justice of  India, Mr. Dipak Misra,&nbsp; Hon&rsquo;ble Governor  of Uttarakhand, Hon&rsquo;ble&nbsp; Chief Justices  and judges&nbsp; of various High Courts,  Hon&rsquo;ble members of the ITAT, Income tax officials,&nbsp; Senior Advocates, Advocates ,&nbsp; Chartered Accountants and Tax consultants ,  were present. Further, he thanked Isha foundation helping organizing this event  and achieving the ideology of <em>AtmaNirbhar Bharat<\/em>.<\/p>\n<p><!--more--><\/p>\n<p><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/Ca-2qds2OCs\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/p>\n<p>  Former Chief Justice of India, Hon&rsquo;ble Mr. Dipak Misra,  addressed the webinar, he spoke about the need to be ambitious and productive  during these times, and the importance of having a positive mindset. He quoted  Abraham Lincoln, <em>&ldquo;We can complain because rose bushes have thorns, or  rejoice because thorn bushes have roses&rdquo;<\/em>. Further, he urged people to  leverage technology to feel connected and closer to one and other. In  conclusion, he spoke about the feeling of pride for our nation, and that it  should be a motivating factor for us to survive these difficult times.<\/p>\n<p>\n  Justice Mr. P. P. Bhatt, posed a question to Sadhguru  regarding Nation building, to which Sadhguru ji brilliantly replied by drawing  a contrast from western countries, he has asked and urged Indians to stick to  our own culture and tradition. Further he believes Nation building at an  individual level, with every person building themselves, we could together  build a stronger nation.<\/p>\n<p>\n  Shri Anoop Kumar Mendiratta, Honourable Law Secretary  posed a question to Sadhguru on resisting criticism received during Nation  building, to which Sadhguru replied saying that there is no perfect decision,  rather commitment is what is necessary&nbsp; <\/p>\n<p>\n  The Hon&rsquo;ble Chairman of the CBDT Mr. Pramod Chandra Mody put  across a question on <a href=\"https:\/\/www.youtube.com\/watch?v=Q5NuFYfzq-Y\">how to reduce the trust  deficit between the tax payer and taxman<\/a>.<\/p>\n<p>\n  To which Sadhguru, with great humility and seeking  permission to put across his views said that, less than 2 per cent of the  Nation&rsquo;s population pay income tax which stands to serve the remaining 98 per  cent. As a tax payers, they would fell unjust upon losing 40 per cent of their  earnings. It then becomes a tax professionals&rsquo; job to reduce this 40 per cent  to 30 or 20 per cent. Fortunately, the rate of corporate tax reduce has been  reduced recently.<\/p>\n<p>\n  Further, the Country needs investments, for improvement  and development. Around 1 to 1.5 Trillion rupees of investment should flow into  our country. Collection of taxes may not serve this purpose, with the increase  in basic exemption, more people will fall off the tax paying bracket. <\/p>\n<p>\n  Moreover, a feeling of affinity is to be developed between  the citizen and the Nation. During the erstwhile British regime, the District  administrators were termed &ldquo;Collectors&rdquo; as it was their duty to collect the  fund and send it back to their country. Unfortunately, the same term exists  till date and the same psychology persists among tax payers. A person who  evades tax is glorified. People are required to be honest, for which a sense of  return is necessary.<\/p>\n<p>\n  As a solution, he proposed, a transaction tax, similar to  that of GST, so that it doesn&rsquo;t pinch the tax payer. Further, as Income tax  only contributes to around 16 per cent of the Nations Revenues, it could be  managed to some extent with this transaction tax.<\/p>\n<p>\n  Another, point of view shared by him was with respect to  money and the mentality of people. Once a crime is committed by evading tax, it  only encourages the tax payer to repeat it again and in a larger way. A strong  deterrent is required to make tax payers more law abiding.<\/p>\n<p>\n  He also believes that removal Income tax will result in  in-flow of money into the Country. Losing revenue will boost investment, like a  tax haven. According to him, by paying taxes a nation does not become rich; for  a nation to become rich &amp; thrive, for which there needs to be a flow of  money to India. <\/p>\n<p>\n  Words of Sadhuguru, has definitely given everyone  something to think about and reanalyse the system prevalent in the Country.<\/p>\n<p>\n  Smt. Nikita Badheka, President AIFTP posed a question as  to why fear of this virus doesn&rsquo;t affect terrorists. Sadhguru replied saying  that a virus is not a problem for people willing die. The worst crime is the  idea of heaven, a honey trap. The idea that a life is better than the current  is a fallacy. Gods should be fighting their own battles.<\/p>\n<p>\n  Shri MukeshBhutani (Chairman (Hon) India Branch &#8211;  International Fiscal Association (IFA)) posed a question pertaining to long  drawn litigation. Sadhuguru believes that justice delayed is justice denied and  appreciates the initiative of the Government with improvements in alternative  dispute resolution.<\/p>\n<p>\n  Shri Adish&nbsp;C.&nbsp;Aggarwala, Senior Advocate, posed  a question with respect to limitation of resources. Sadhguru believes that our  nation to leverage the next 3 to 5 years to pool investments to India.<\/p>\n<p>\n  In conclusion, Mr. GS Pannu, Honourable Vice-President of  ITAT Delhi Benchposed a question with respect to barriers between Nations on  account of lockdown. Sadhguru believes that the barriers are more logistic in  nature as the fight is not among Nations rather the world versus a virus. He  believes that technology will bring us together, the whole world as one body.<\/p>\n<p>\n  In closing Sadhguru spoke about leadership and&nbsp;that a  king does not have time to grieve. In a democracy, we are our own kings and its  upon us to build ourselves, the right thing to do is to look forwards and build  our Nation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An interaction was recently held between Sadhguru and the Hon&rsquo;ble Members of the ITAT, senior officials of the Revenue Department and leading tax professionals. There was a lively debate on the various problems facing the Nation and how these problems can be overcome. Advocate Shashi Bekal has summarized the discussions between the various distinguished personalities and highlighted the core points made by them<\/p>\n<div class=\"read-more\"><a href=\"https:\/\/itatonline.org\/articles_new\/income-tax-appellate-tribunal-itat-with-sadhguru-in-challenging-times-rebuilding-the-nation\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-8036","post","type-post","status-publish","format-standard","hentry","category-articles"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/articles_new\/wp-json\/wp\/v2\/posts\/8036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/articles_new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/articles_new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/articles_new\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/articles_new\/wp-json\/wp\/v2\/comments?post=8036"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/articles_new\/wp-json\/wp\/v2\/posts\/8036\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/articles_new\/wp-json\/wp\/v2\/media?parent=8036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/articles_new\/wp-json\/wp\/v2\/categories?post=8036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/articles_new\/wp-json\/wp\/v2\/tags?post=8036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}