Japan-India bonhomie over the latter's maiden bullet train project can spin into a can of worms, if subjected to an independent probe.

The only 'bulletish' aspect of the project at present is its skyrocketing cost: It has shot up about five times over 11 years from Rs 20,352 crore in 2006 to Rs.1,08,000 crore

Remember Vodafone? It was the first attempt to tax capital gains arising to non-residents out of indirect transfer of important assets under the domestic tax law of India. The efforts of the Indian revenue was pilloried by sundry experts at every forum- national or international. The Bombay High Court judgement in that case