So far as matters relating to trustess to whom the property has been entrusted, or in case of disability as minors or insane persons and similar cases are concerned, of course, we will have to take all necessary precautions and, if necessary, we can extend the time so that these persons whoh are suffering under any disability should not in the long run sufer on account of the provisions of the limitation act. That is one of the fundamental things which I hope the select committee will bear in mind. Apart from these two considerations, the other considerations that I will place before the select committee is relating to property, whether it is on the basis of contract or otherwise. I rise to participate in this discussion not with a view to ventilate particular grievances or to secure concessions and relief in the taxation measures. I am one of those who beleive that htere is no justification for additional taxation unless the conditions laid down by the taxation equity commission are complied with. It was a commission presided over by no less a person that Dr. John Mathai, one of our illustrious finance ministers and it laid down that there was no justification for any additional taxation unless we complied with two or three conditions. One condition was that whatever tax was realised was being properly spent, that there was no wastage or superflous expenditure being incurred. The commission had pointed out that out of every rupee that was being raised by the government, 60 paise were being spent on administration and about 20 paise were being spent on social services including education etc. And the balance for other things. Another was that whatever tax was being imposed should be realised before we brought out measures for fresh taxation.
