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Wednesday, September 15, 1999

Of economic value added-based executive compensation plan
Accounting profit is a very vague parameter for determining mangerial performance. While determining accounting profit, only cost of borrowed capital is deducted.

Disclosure in tax return doesn't lead to immunity
A decision of the Gujarat High Court in CIT vs. Vidyagauri Natverlal & Ors., 238 ITR 91 (Guj.), has reiterated a judicial view of what could be considered as concealment.

Taco seeks to change automobile industry
A strong automobile industry requires an equally strong ancillary segment. The ancillary industry in India is largely small scale and a fragmented one, with little capacity to invest in technology.


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