I-T deptt cant make adjustments if deduction claims debatable: HC
New Delhi: The Delhi High Court has held that if income tax deduction claims are prima facie debatable then I-T authorities cannot make adjustments  unilaterally.
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CII cements plans for deeper roots in Central Asia
New Delhi: Following the positive response to its initiatives in Central Asia, Confederation of Indian Industry is firming up plans to take another delegation to more countries in that region early next year.
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Debt swap by states to cut gross fisc deficit by over 1% of GDP
New Delhi: Gross fiscal deficit (GFD) of the Union Government in the current financial year is set to go down by over one per cent of gross domestic product (GDP) due to states debt swap.
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Bed-linen row: WTO to begin hearing
New Delhi: A team of senior government officials from the textile and the commerce ministries will leave for Geneva on Monday for the first oral hearing of the compliance panel set up by the World Trade Organisation to examine Indias allegation against the European Union on the cotton bed-linen case.
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Attack on Iraq may impact shipping rates
New Delhi: Even as the hostilities in Iraq has cast a spell over the markets worldwide, the shipping industry has kept its fingers crossed over its impact on the charter rates and employment of its tankers.
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