The Hindu : Business News : Monday, June 29, 2009

Online edition of India's National Newspaper Monday, June 29, 2009 ePaper \| Mobile/PDA Version

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FINANCIAL SCENE

Banking sector consolidation revisited
Time to look at the issue seriously, according to Finance Minister; government will continue to play a supportive role to the process

Timeshare an emerging segment
Hotels, holiday homes reinvent their strategies to woo customers

Cement industry on growth path
CMA expects capacity to cross 250 m tonnes

All eyes on budget for growth impetus
Need for integrated approach to achieve growth momentum

TAX FORUM: QUESTIONS & ANSWERS
Breach of contract is different from breach of law
As a tax advisor in tax practice, I find that it is not infrequent that the assessing officers disallow compensation or damages paid for breach of a contract as a payment for breach of law, which is specifically disallowed under the amended Sec. ...

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