The Hindu Business Line : Saturday, May 10, 2008

TAXATION
Tyre makers seek waiver of rubber cess
Kochi, May 9 With 25 per cent rise in the prices of natural rubber in the last six months, the Automotive Tyre Manufacturers Association (ATMA) has urged the Union Ministry of Commerce and Industry for waiver or reduction of rubber cess to ... More

AIR-CONDITIONERS & REFRIGERATORS
Blue Star may set up its 6th manufacturing facility
New Delhi, May 9 Backed by a buoyant demand from the infrastructure and retail industry, central air conditioning and commercial refrigeration major Blue Star is examining the possibility of setting up its sixth manufacturing facility. The ... More

SOFTWARE
‘Quintegra targets $1 b revenue in 3-5 years’
Quintegra Solutions Ltd has grown from $10 million to a $100-million company in the last three years. “We plan to take our revenues to $1 billion in the next three-five years,” its Head (Marketing and Strategy), Mr Chandra ... More

INCOME TAX
Disputed liability
Assessees are aware that in computing business income a deduction is available under Section 37 of the Income-Tax Act (Act) for revenue expenditure which is incurred wholly and exclusively for the business during the year. The position all along ... More

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