KATHMANDU, Sept 29: The main opposition party, the CPN-UML, has raised serious objections over the government’s decision to allow investment in areas other than the liquor and tobacco industries without disclosing source of income. The party alleged that the government had tried to legalize black money as it amended the Income Tax Act, 2002 and made it impossible to find an income source of investment in some areas.

KATHMANDU, Sept 19: The government, which is being criticized for its controversial decision to provide tax waivers to certain businesses, has made another controversial decision to amend the Income Tax Act so as not to seek the income source for investment. With the aim of legalizing the money earned illegally by high political leaders, businessmen and corrupt employees, the Income Tax Act is being amended by inserting the provision that 'the source of income will not be sought for investment'.