In general notion of common people about the research and researchers are conceptualizing the scene of a laboratory wherein handful of scientists being thoroughly concentrated upon many scientific instruments and materials or beyond the dead end of a telescope or before a PC. But very few in the world even most astonishingly many stakeholders too in the field of Social sciences likewise history, political science, sociology, finance, laws and commerce are aware that the on gravity and volume of research activities Social sciences weave a parallel world of ceaseless explorations for known and unknown like the physical forms of scientific researches through the mode of articles, news, journals etc and claim place of equal importance in the headlines of national or international medias as of a new scientific or technological invention. The moot distiction between the scientific and social science research is that in scientific research there have been continuous persistence for knowing the unknown or to upgrade the old inventions or discoveries and in social science although there have been same persistence for the unknown but of limited extent and mostiy to address the contemporary social and national problems and challenges. Amid these plethora of social subjects Law is the most living and challenging just after the science and technology because the destiny of contemporary human civilization rest upon the two pillars, one is the progress of science and second is to consolidate all aspects of a contemporary civilization for better goverance and a moment absence of one of these pillar will bring a nation on brink of dissolution and anarchy. In great words of SOCRATES : It is disease and justice first be adressed for human existence. Therefore legal research always holds the place of paramount importance after the science and among the numerous laws of a state it is the direct taxes research alone claim 80% of importance in national governance as it not only conjures up all the financial activities of a nation but also international transactions and trade. For that reason in the budget speech of a nation’s finance minister which unfurl the outline of the financial landscape of a nation for a year it is the Finance Bill which matters most for the stakeholders because it deals with taxation specifically particularly of the direct taxes and rest of the budgetary promises and allocations are contingent as in BENJAMIN FRANKLIN immortal words: ONLY DEATH AND TAXES ARE CERTAIN IN HUMAN LIFE.
Therefore the field of direct taxes laws call for special attention, notifications, circulars, clarifications and incessant amendments which involves hectic research activities of the higher officials in the nation revenue department upon whom legislatures delegate power to prepare the draft enactments addressing the numerous issues as such national economic growth, industry, trade, banking, finance, corporate, stock market, international trade to the salarized class by taking account of the ever changing economic situation in these respective sectors. Not only these factors but the interpretations and judicial scrutinies of these enactments also necessiatate the urgent amendments of any or more enactments either to give effect of judicial dictum or to neuralize any revenue adverse judicial dictum. So very few citizens of a naton having any iota of idea how frantic and hectic research activities go on behind the curtain of Throne to maintain a rational balance between the revenue collection and nation economy involving numerours comlex factors apart from a continuous pouring judicial observations which has have cascading effect upon the enactments, rules, circulars concerning the direct taxes and every executive action.
Author Bio
