The Hindu Business Line : Saturday, June 25, 2005

Dabhol re-powered
IF THERE ARE no further hitches, the 740 MW Dabhol power plant on Maharashtra's Konkan coast should once again begin generating by the end of 2005, under new owners. The Centre seems to have hammered out a settlement with General Electric and ... More

POLITICS

EU: Clash of fundamentals
"THE European Union is dead. Long live the European Union." To enthusiasts of the Union of Europe, nothing could be more welcome at this point of time than this slogan, which really means that though the ... More

Emergency: Memories of the dark midnight
Indira Gandhi, on the night of June 25, 1975, took away, in one stroke, what her father had pledged his countrymen 28 years before at the dawn of Independence. The internal Emergency she announced lasted 21 months — a tumultuous period, post-In dependence. More

TAXATION

Complying with tax notification conditions isn't an empty formality
FLEX Industries supplied structures, reservoir tanks and so forth on behalf of Triveny Engineering to Punjab Energy Development Agency (PEDA) for use in a mini hydel project on a canal in the State. The World Bank had ... More

Glaring omission in a commission case
T. C. A. Ramanujam discusses a Allahabad High Court ruling on the tax treatment of illegal payments in the course of business More

Zero rate stock transfer for export
S. Sridharan on the need to provide for refund of input tax credit on stock transfer for export More

INCOME TAX

Loan, cash credit: No source, will tax
Where adequate explanation is not provided for loans, cash credits and unsubstantiated investments, they are taxable and the court would also uphold such an assessment. This provision in the Income-Tax Act is an excellent tool against evasion, says H. P. Ranina. More

BOOKS

"If the wind comes from an empty cave, it's not without a reason"
THREE banks have received the RBI's (Reserve Bank of India) nod for crossing over the Great Wall, and now they are waiting in line for approval at the `Red' end. When Allahabad Bank, UTI Bank and UCO Bank disembark from ... More

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