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DETAXFICATION
`Tax holiday provisions have not been free from controversies'
The fear of double deduction resulting when the supporting and exporting units are both allowed deduction is misplaced, because the sale consideration of the supporting unit would be the cost for the exporting unit. MR CHYTHANYA K . K., PARTNER, RAGHURAMAN & CHYTHANYA, BANGALORE. More

REASSESSMENT
Discovery of `innovation'
In tax cases `innovation' is rarely mentioned. However, innovative strategies of taxpayers, if forbidden by law, have penal consequences upon detection or discovery. Words and expressions in the statute book have great significance and they ... More

EAR TO THE GROUND
Deepak Fert: GAIL gas buzz
The stock of Deepak Fertilizers and Petrochemicals Corporation Ltd has seen a lot of trading activity in the past week. Market sources expect the company to get a substantial amount of gas from the Dahej Uran pipeline laid by GAIL. The ... More

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