History of Navratri

UDAAN
ISSUE-3
15/10/2012—26/10/2012
History of Navratri
Legend says that when Mahishasura, the spiteful demon, who
was a devotee of Lord Shiva, acquired unbeatable powers of eternity, he
started taking away innocent lives. In order to stop him from taking
over all the three lokas, Lord Brahma, Lord Vishnu and Lord Mahesh of
the Hindu Trinity united their supreme powers and created a warrior
goddess Durga who entered a war with Mahishasura. This war extended
for nine days and on the tenth day she beheaded him. These nine
nights signify the festival of Navratri.
This week started with beginning of Navratari which is to be followed by different festivals like
Dushera, Durga Pooja, Eid, Diwali etc.
The Udaan-5 participants were in the mood of enjoying the day of the biggest festival in terms
of duration i.e. Navratri. The Udaanities went to a Garba night to have a glimpse of this colorful
festival which demonstrates the rich culture of the Gujarat.
Accountancy Test
First official test of Udaan-5 batch was of test
of accountancy. Though the test was neither surprising
nor shocking but it was head-shaking. The knowledge
of right from the basic concepts of accountancy to
preparation of financial statements with adjustment
Interaction with trainee IRS Officers.
DTRTI provided an opportunity to have a
healthy interaction among Udaanites and newly
recruited IRS Officers. As Income-Tax Department
is team oriented, every task from top to bottom
has to be performed in a team for successful
accomplishment of the task, this interaction will
provide fruitful result in form of team-spirit.
Exploring Ahmedabad
The entire batch of Udaan-5 was divided into
two groups for exploring Ahmedabad. One group
went to Science city via Sidi Saiyad Mosque whereas
another group headed towards kankariya Lake. Use of
public transportation was the essential rule of the
game. The purpose of the exercise apart from
exploring Ahmedabad was to have an idea of
importance and potential implication of public
transportation.
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To err is human... to blame your computer for your mistakes is even more human;
in fact it is downright natural.
Computers come in two styles: prototype and obsolete!
Error: Keyboard not attached. Press F1 to continue.
Gir : The Last Abode of Asiatic Lion
☻ Location
☻ Area
☻ Scientific name
of Asiatic Lion
☻ 2010 census
☻Fauna
: Junagadh (Gujarat)
: 1412 km sq.
: panthera leo persica
: 411 lions of which 97 male
162 female & 152 cubs.
: Asiatic Lions, Indian
Leopards Bears, Cobras,
Hyenas, Chital, Nilgai,
Sambhar, Chinkara etc.
Yograj Rupala
is a Science
Graduate in
Geology from
Gujarat
University and his hobbies are
playing Cricket and listening
music.
The Asiatic Lions habitat is dry scrub land and open
deciduous forest. These lions were once found across northern
Africa, south west Asia and northern Greece. Now there are only
around 411 left in the wild and all of them are in or around the
Gir Forest National Park.
Due to the efforts of Gujarat government & compliance
by the people of Gujarat, today there are 411 lions instead of
only 15 at the start of 19th century. The local Maldhari community
has lived here for generations and coexists magnificently with the
wilderness. They sustain themselves by grazing their livestock and
harvesting what they need from the forest. The sizeable portion of
their herds lost to lions and other predators is considered Prasad,
offered in exchange for living in another's homeland.
Many people come to Gir because, outside of Africa, it is
the only place with wild lions. But to truly experience Gir and the
lions, one must explore their natural habitat, with everything
from tiny wild birds, not easily seen, but heard singing in the
forest canopy, to crocodiles floating in the marsh waters.
“The trouble with life is that you're half way
through it before you realize it's a do it yourself
thing.“
Exploring A’hmedabad– Kankaria Lake
Ashutosh
Varma has done
B . T e c h
i n
Computer Science
& his hobbies are
photography,
reading and solving puzzles.
Udaanites were given a group task to explore
Ahmedabad. Their journey began with AMTS bus from
DTRTI to Manek Baug. Thereafter we took BRTS i.e.
Gujarat Infrastructure Development Board’s highly
ambitious project for rapid transport system, officially
known as Janmarg from Manek Baug to Kankariya Lake.
Kankaria lake is a polygonal lake which was constructed in the 15th Century by Sultan Qutb-ud-Din. In
the centre of the lake is an island-garden with a
summer palace known as Nagina Wadi. Major centers of
attraction were 
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Kankaria Zoo
Balvatika
Kids City
Nagina Wadi
Boating
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Toy Train
A’bad eye
Dutch Tombs
Aquarium
Gardens

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Dadu Dayal temple
Water sports and rides
Stone Mural Park
Open air theatre
Natural History
Museum
‘’रिश्ता सा है ’’
Rakesh Mehra has
done Post Graduation in
Arts from University of
Rajasthan & his hobbies
are plantation and gardening.
आने के जिसके ये चमन,
महका सा है ।
उनकी बातो में , उनकी आंखों में ,
एक नशा सा हैं।
अिीब सी डोि से, कह ं ककसी छोि से,
ये दिल कह ं बंधा सा है ।
कहना चाहता हूँ िो शब्ि ,ना िाने क्यों ?
िबा सा है ।
अब कह ं िाकि लगता है मझ
ु े,
हमािे बीच प्यािा सा,
अनकहा ‘रिश्ता’ सा है ।
COURT CONVERSATION
ATTORNEY:
WITNESS:
ATTORNEY:
WITNESS:
ATTORNEY:
WITNESS:
ATTORNEY:
WITNESS:
ATTORNEY:
WITNESS:
Doctor, how many of your autopsies have you performed on dead people?
All of them. The live ones put up too much of a fight.
How was your first marriage terminated?
By death.
And by whose death was it terminated?
Take a guess.
Now doc, isn't it true that when a person dies in his sleep, he doesn't know about it until the next morning?
Did you actually pass the bar exam?
Your youngest son , the 20-year-old , how old is he?
He's 20 , much like your IQ.
मां मैं आई एक प्यािा सा एहसास ले के
ु कान ले के
V i n o d M e e n a मां मैं आई एक प्यािा सा अहसास ले के, ननह ं सी मस्
सोचा था मां, तम
ु सन
ु ाओगी मझ
ु े लोरिया।
has done Graduation
सोचा था पापा, की उं गल पकड़ चलग
ं ी तेिे अंगना।
in Arts from
सोचा था भैया, संग खेलग
ं ी छुपन-छुपाई।
University of
सोचा था िाि , से सन
ु ग
ुं ी ननत नई कहाननयां।
R aj as th a n a nd h is
सोचा था िािा, संग घमने िाऊंगी बगीया.।।
hobbies are reading
लोककन कहां ले गए थे मझ
ु े ? ककतना शोि-शिाबा था वहां।
novels and travelling.
ककतना ििद हुआ था मझ
ु ,े ककतनी तड़पी थी मैं।
ककतना पक
ु ािा था मैंने, कक कोई तो बचाए मझ
ु े।।
"In this world nothing can be said
to be certain, except death and
taxes."
-Benjamin Franklin
”The taxpayer: that's someone
who works for the federal government, but doesn't have to take a
civil service examination.”
-Ronald Reagan
लेककन ककसी को िया क्यों नह ं आई मझ
ु पि।
वो ननिद यी हाथ ककसके थे, जिसने छीन ल मेि सांसे।
किि भी उस पापी को िया नह ं आई, िो खखला दिया मझ
ु े कुत्तों को।।
क्या उसके हाथ नह ं कांपे, एक ननह ं िान को मािते हुए।
क्या उसको िहम नह ं आया, िो मझ
ु े कुत्तों का आहाि बनाया।।
िािा, िाि , पापा, मां क्या गम नह ं हैं, आपको मझ
ु े खोने का।
क्यों नह ं िोका आपने, उस पापी को यह पाप किने से।
क्यों नह ं काट दिए आपने, उस िल्लाि के हाथों को।
”Taxes, are the dues that we pay
for the privileges of membership
in an organized society.”
-Franklin D. Roosevelt
पापा आपने भी िनम ललया था, एक लड़की की कोख से।
किि क्यों ल आपने मेि िान, अपनी ह मौि से।।
यदि एहसास हुआ मझ
ु े खोने का, तो िोक िो इस पाप को।
एक बाि किि से आऊंगी , मैं तेिे अंगना में ।।
Rich bachelors should be heavily
taxed. It is not fair that some men
should be happier than others.
-Oscar Wilde
मां अब किम उठाना होगा, इस अंधी िनु नया से।।
मैं किि आऊंगी मां, तेि पहचान बन के।
प्यािा सा अहसास ले के, ननह ं सी मस्
ु कान ले के।।
अच्छाई औि बिु ाई
एक गरु
ु नि के ककनािे अपने लशष्य के साथ बैठकि वातादलाप कि िहा था।
लशष्य अभी बहुत छोटा था औि उसने गरु
ु से अच्छाई औि बिु ाई के बािे में कुछ पछा।
‘तम
ु िानते हो,हमािे भीति हमेशा एक यद्ध
ु चलता है ।‘गरु
ु ने लशष्य से कहा।
‘िो भेडड़यों के बीच एक अंतह न िक्तिं जित यद्ध
ु ।‘
पहला भेडड़या बिु ा औि वीभत्स है । वह क्रोध, शत्रत
ु ा, लोभ, ननंिा, िख
ु , पश्चताप, ह नता,
असत्य, अहं काि, स्वाथद, िं भ, अवसिवादिता, प्रमाि, हठ आदि से बना है ।‘
‘औि िसिा भेडड़या अच्छा औि सन
ु िि है । वह लमत्रता, प्रसननता, शांनत, प्रेम, आशा,
मानवता, ियालत
ु ा, िान, नयाय, सहानभ
ु नत, सत्य, करुणा, नैनतकता औि गहनता आदि से
बना है ।‘
‘ऐसे ह िो भेडड़यों के बीच तम्
ु हािे भीति भी द्वं द्व नछड़ा हुआ है औि हि मनष्ु य के भीति
भी।‘
लशष्य ने बहुत तल्ल नता औि चचनतनपवदक गरु
ु की बात सन
ु ी। किि उसने गरु
ु से पछा,
‘इनमें से कौन सा भेडड़या िीत िाता है ?’
गरु
ु ने कहा, ‘जिसे तम
ु भोिन औि पोषण िे ते हो।‘
Surendra Singh
Meena has done
Post Graduation
in Arts from
University of
Rajasthan and
his hobbies are
Gardening &
travelling.
TAXFEST-2012, Ahmedabad
The Cultural Festival of Income-Tax Dept. aptly named Tax Fest M a n i s h K e s w a n i
has done MBA
-2012 was organized at Tagore Hall, Ahmedabad for three days
(Finance) from
from 17.10.2012 to 19.10.2012. The Grand occassion started by
Gujarat University
Inaugration Function by The Honourable Shri Dilip Shivpuri Sirand his hobbies are
C.C.I.T. (C.C.A.), followed by Various competitions among the Four reading and playing
Zones in the areas of Instrumental, Vocal, Dance and Stage Chess.
Drama were conducted. All the activities were performed right
from the Classical to Contemporarty.
The Inaugral Function contained the
performances by renouned artists in various fields
of arts. Dance perfromance by Ms. Bina Mehta and
Performance of Nayan Pancholi & group were
mesmerizing.
All the Zones competed to their level best.
The performances were so
close that at the end,
the event resulted into tie between South Zone
and West Zone.
The
closing
ceremony
of
Tax-Fest
contained
Felicitation
of
Sports
and
eminent
Cultural
personalities.
Two
International Sports Women
-Ms.
Preethi
L. Rao and
Ms.Mrudula K ,from Udaan-5
were felicitated for bringing
laurels to the country
Income-Tax Dept.
and
Highlights of The Direct Tax code

Capital gain on Long term is now from asset hold more than one years.

Indexation Base year to be changed to 01.04.2000 from 01.04.1981 so no tax on gains realized
between 1981 to 2000.

The Government has also proposed to restore back the taxation of retirement savings, in the
nature of provident fund contributions and pure life insurance and annuity products, to the
Exempt-Exempt-Exempt scheme from the earlier proposition of Exempt-Exempt-Tax scheme
under the revised discussion paper in the DTC

No Tax on Long term capital gain on securities & equity linked mutual funds, For short term
capital gain tax rate is 50 % of normal slab rate applicable to the asseessee.

The code introduces a Rs 50,000 enhanced deduction for savings in addition to old 100000
deduction.
Shanti Bhushan versus CIT (2011) 199 Taxman 280 (Del).
In the assessment year 1983-84, Shri Shanti Bhushan had filed an income tax return
declaring a total income of Rs 2,15,520/-. This return was later revised and in that, he had claimed as
expense a sum of Rs. 1,74,000/- incurred by him on coronary surgery performed on him in Houston, USA.
Mr. Bhushan claimed waiver under Section 31 of the Income Tax Act (IT Act) which,
inter-alia permits deduction of expenditure incurred on current repairs of plant. His stand was that a human
heart is in the nature of a ‘plant’ and therefore the expenditure incurred by him on the coronary surgery was
akin to expenses incurred on current repairs of a plant.
The Assessing Officer rejected the claim under Section 31 and Section 37 of the I.T. Act.
An appeal was filed before the Commissioner of Income Tax (CIT) against the order of the Assessing
Officer. The CIT upheld the order of the Assessing Officer. Aggrieved by this, further appeal was filed
before the Income Tax Appellate Tribunal (ITAT) by Shanti Bhushan.
The Tribunal also rejected the claim under Section 31 relying on the test laid down by the
Gujarat High Court in the case of CIT vs. Elecon Engineering Co. Ltd. (1974) 96 ITR 672 (Guj.). It said “for
the expenses incurred on the repair of the plant to be allowed, the assessee would have to demonstrably
show that the plant was used as a “tool” with which he carried out his business or professional activity.” The
Tribunal came to the conclusion that the assessee could not have demonstrated that heart was used as a
“tool of his trade” since the heart was even otherwise an organ, essential for normal and healthy
functioning of a human body, and not necessarily for a professional, such as a lawyer.
An appeal was filed before the Delhi High Court, which was also rejected. The court held
that “Firstly if the heart of a human being, as in the case of the assessee, were to be considered a plant, it
would necessarily mean that it is an asset which should have found a mention in the assessee’s balance
sheet of the previous year in issue, as also, in the earlier years. Apart from the fact that this is admittedly
not so, the difficulty that the assessee would face in showing the same in his books of accounts would be of
arriving at the cost of acquisition of such an asset. Therefore, in our view before expenses on repair of plant
are admitted as a deduction, the plant would necessarily have to be reflected as an asset in the books of
accounts. The second ground on which, we are persuaded by the counsel for the revenue not to accept the
assessee’s claim is that, even if one were to give the widest meaning to the word ‘plant’ under Section 31
of the IT Act, human heart would still not fall within the definition of the word plant.”
Never say, "oops!" Always say, "ah, interesting!"
CHAI—TIME
Which way is the bus below traveing…
toward the left or the right?
This is an unusual paragraph. I'm curious
as to just how quickly you can find out
what is so unusual about it. It looks so
ordinary and plain that you would think
nothing was wrong with it. In fact, nothing
is wrong with it! It is highly unusual
though. Study it and think about it, but you still
may not find anything odd. But if you work at it a
bit, you might find out. Just try hard.
ENGLISH VINGLISH
 What English word retains the same pronunciation, even after you take away four of its five letters?
 What two words, when combined, hold the most letters?
 What starts with an "e," ends with an "e" and usually contains only one letter?
 What is the beginning of eternity, the end of time and space; the beginning of every end and the end
of every place?
 There is a word in the English language in which the first two letters signify a man, the first three
signify a woman, the first four signify a great man, and the whole word represents a great woman.
What is the word?
 I know a word of letters three. Add one letter to it and none there will be. What is the word?
We are sincerely and heartily grateful
to all the Faculty Members for their
support and guidance during the
Group Members
course of this training.
Thanks to Nair sir and Varadharajan sir for
providing the Tax Fest Logo used on the front
page.
Ashutosh Varma
Manish Keswani
Munna Kumar
Preeti L. Rao
Rakesh Mehra
Rajneesh Ranjan