OPINION
EDITORIAL
Narrow outlook on broadband
THE BROADBAND POLICY, announced on Thursday, is a disappointment, coming as it does after much expectations were raised by the Telecom Regulatory Authority of India recommendations on the subject. Except for the recommendations on granting ...
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CORPORATE
Calibrating competition
THE Viewpoint column on October 9 titled `Compete or perish' had logically examined the regulatory check contained in Press Note 18, giving an indication that PN 18 is against "free competition" or that domestic ...
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COURTS/LEGAL ISSUES
Significance of court supervisory powers
A writ petition cannot generally be entertained at the show-cause notice stage unless an exceptional case is made out, for instance, that the approach of the authority is erroneous in law. The court can only consider whether an action is valid; it ca nnot consider the sufficiency or correctness of the material relied upon by the assessing authority. Similarly, the High Court will not investigate sufficiency of reasons for an action in a writ petition. H. P. Ranina on court's supervisory po wers.
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TAXATION
Mosquito repellent that didn't help a tractor company
TRACTORS help in ploughing. But a tax tribunal had to plough through tractors recently, when deciding the Escorts case. The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi, studied what goes into ...
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The rule of class elimination
R. Anand discusses a decision that upheld the abridgment of employee categories in perquisite valuation
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Elasticity of income definition
Deposits were ruled to be trading receipts in a recent apex court decision that Mohan R. Lavi cites
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Winner doesn't take it all
Is prize money earned for a caption taxable? Yes, according to the Allahabad High Court, says T. C. A. Ramanujam
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BOOKS
Business cycle is `alive and well' and winning Nobel too
BUSINESS cycles attracted attention this week because Finn Kydland and Edward Prescott won this year's Nobel economics prize for their `highly innovative' analysis of economic policy and the driving forces behind ...
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