The Hindu Business Line : Saturday, July 08, 2006

EDITORIAL
Politics trips divestment
Given the hardening stance of the parties involved, it is a moot point if the Centre can evolve a consensus among its allies on divestment. More

TAXATION
The ordeal of multiple proceedings
The I-T Department's approach to taxpayers must be one of assistance, not confrontation More

Charity as an inner journey
Can a trust devoted to teaching meditation and yoga be eligible for tax exemption? Yes, ruled the Bombay High Court in the Rajneesh Foundation case. More

Every complex control system has data processing
Have you always considered that the taxman isn't computer-savvy? If yes, perish that thought. Because here is a recent Tribunal case to prove how his byte predilection can go very far: ABB Industries vs Commissioner of Central ... More

An ephemeral measure
Form 2F caters to the non-business class which largely includes the salaried, by far are the most tax-compliant thanks to the TDS scheme. More

ECONOMICS
Evolution is a knowledge-creation machine, a learning algorithm
Humanity's most complex creation is the economy, according to Eric D. Beinhocker, author of The Origin of Wealth, who takes us along as he retraces the journey `from a state of nature to the stunning self-organised complexity of the modern global eco nomy'. D. MURALI recommends the book as a fit read to accelerate your evolutionary process. More

SPORTS
Football fever
As the World Cup heads for the final denouement, the soccer fever grips much of the world in various ways. The passionate involvement of fans and the almost hysterical fancy for the heroes of the sport are ... More

INCOME TAX
Assessing by natural justice, the safe route
That the AO is not obliged to disclose his sources indicates that cross examination is not mandatory in income-tax proceedings. More

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