The Hindu Business Line : Saturday, August 11, 2007

EDITORIAL
Stock market and global cues
Rational investor behaviour can be grounded not just in the perfect knowledge of actions of others but also in the perception of their prospective behaviour. More

ECONOMY
Sacred surprises
The Sea of Galilee on Israel’s Mediterranean coast is not the spot where you can even remotely imagine that the India tricolour would be unfurled and the National Anthem, composed by Rabindranath Tagore, sung to the surprise and ... More

TAXATION
Palm oil for soap which ended up in ghee and shackles Detaxification
The personal liberty of an individual, though precious, is of little value if the larger interest of the people and the nation are at stake, the Delhi High Court ruled in the Lalit Goel vs Commissioner of Central Excise, Delhi ... More

BANKING
INDIA AT 60
Banking on the future
More

INCOME TAX
A rational view on penalties
While determining whether a tax-payer has concealed income, hence liable to attract penalty, the authorities must exercise great discretion. More

What are books of account?
In a recent case, the Madras High Court concluded that P&L account and balance-sheet are not books of account as contemplated under the I-T Act. More

Low tax collection costs – myth or reality?
The I-T department should work out the cost of collection after excluding the tax collected at pre-assessment stages. More

Irregular vs illegal
In tax assessment, violation of the prescribed procedure would result in irregular assessment. If the initiation of assessment procedure is in contravention of statutory requirements then it would be illegal and, hence, void ab ... More

LETTERS

Rupee appreciation

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Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

Top Stories
PSBs urged to tap rural markets

Turkey refinery: IOC may tie up with KMG, ENI

Growing demand for Hewlett-Packard’s SMB tools

Forex reserves rise $4 b

STC keen on supporting back-end farm operations

Cairn India facing rig hurdle at Ravva field

Air India gets sovereign guarantee for 68 Boeing purchase

Looking back
Jul. 29-Aug. 4
Lethal firings in free India

Boosting a rising profit rate

The RBI’s silent signals