COLUMNS
IMPRESSIONS
Pegs for a peg
The Press Club at Delhi's Raisina Road, housed in a Second World War army barrack, was once the exclusive haunt of some very senior and serious journalists. No ordinary soul would venture to enter this ...
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DETAXFICATION
Mimamsa principles of interpretation to resolve a tax case
"When there is a conflict between the purpose and the material, the purpose is to prevail, because in the absence of the prescribed material a substitute can be used, for the material is subordinate to the purpose."
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REASSESSMENT
Leg-up to bank mergers?
The Income-Tax, Act, 1961 generally frowns upon trafficking in losses so much so that normally loss suffered by A cannot be carried forward, much less set off, by B. But Section 72A not only relaxes this thaw, but extends the normal aggregate ...
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EAR TO THE GROUND
Sybly Ind: Active on expansion plans
Sybly Industries is on `activity street' once again having spun out its second phase of expansion plan, according to market sources. The stock moved up by around five per cent on Friday to close at Rs 16.20 with 33,174 shares changing hands on ...
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SENSOR
Choppy Sensex ends weak
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