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FINANCIAL SCENE
Reading too much into rupee flare-up?
A stronger rupee will hurt the export promotion effort at a time when the growth in merchandise exports will have to be stimulated

Blogging: new frontiers
Several organisations use blogs as their marketing and dissemination tool

Changing perceptions of Indian CFOs
E & Y survey looks at the transformation in attitude to accounting standards

QUESTIONS & ANSWERS
Changes in post-search assessments
There have been sweeping changes as regards post-search assessments. Sec. 153A already provides for automatic issue of notice under Sec. 148 in all searches without having to satisfy the conditions spelt out in the section. Sec. 132(4A) had ...

QUESTIONS & ANSWERS
Settlement Commission route to be made harder
The powers of the Settlement Commission are proposed to be clipped. Its jurisdiction is limited for years for which the petition is filed, while the present jurisdiction will be taken away in respect of re-assessments, set aside assessments ...

QUESTIONS & ANSWERS
Special audit: show cause notice is required
Principles of natural justice would require that all administrative actions would have to be carried out after a show cause notice of the intended action. It was in this context that the Supreme Court in Rajesh Kumar v Dy. CIT (2006) 287 ...

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