Tax Cut controversy in India Business Schools the Indian Institute of Management (IIMS), has an interesting turn on Wednesday in the Indian Institute of Management, Calcutta, with its ability open against the president is informed of the decision to accept government, it asserts that undermine the autonomy of the Institute. Enraged on the decision by YC Deveshwar, president of the Board of Governors, to accept the average fee institutes of the Faculty Council emerging dissolved in a meeting, they would all means, including legal objections. Questioning the process of adoption by the president to reach this decision may, in a resolution saying: “Lord Deveshwar took care of only one of the stakeholders and the Ministry of Human Resoure development and financial situation of insecurity. autonomy the institute is thus undermined. ” Later, Profiles Ashish Bhattacharya, Dean, planning and management, told reporters that the Faculty was “shocked and anguished, in the Chairman’s decision and had therefore expected to take on the status of IIM , Ahmedabad, which had the status quo and open a dialogue with the government in this regard. Challenges to the legality of the decision of the president, he said he was not the assent of the Supreme Council, and it there was no need to hasten the matter was sub-court, given the Supreme Court. Deveshwar, but said in a separate press conference that there is no other choice but to accept the government proposal on tax cuts and called upon all find a way to achieve the autonomy of the IIMS instead discuss the impact of cutting fees. Deveshwar approval by the Board at its meeting on March 26 the draft resolution, that the proposal could be made IIMS financial himself to leave large enterprises, a major campus fees. He said that large enterprises, the main beneficiaries of high quality of training through IIMS, he agrees that the costs for courses IIMS. IIM-C currently costs R-15000 recruitment procedures of each campus of the immigrants said he should be in accordance with RS 200000, lead to a total yield of about Rs 80 million more in the form of compensation of about Rs 40 million because of losses of tax revenue - cut. As his attention was paid to resentment among the Faculty, he said that “whatever the assurances to them that their interests are protected, some concerns have truncated. It is quite unfortunate. The Faculty refused Deveshwar’s assertion that there is no other way to say “if the government can spend unilaterally and if the orders of such a command is mandatory for the establishment then, the question arises, what remains within the authority of the Board of Directors and other components of the Institute. “He argued that the president did not recognize that IIM-C was an autonomous institution in societies Registration Act and said,” if the seat and governments of countries wanted to establish a government of a Such registration should not have done. “