THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications

Monday, August 06, 2001

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Mentor

Information Technology
Going beyond coding
Jim McCarthy provides an eclectic list of resources for software development leaders

Taxation
Exchange difference
DOES Accounting Standard-11 permit amortisation of exchange differences?

Small queries test well -- II
A PUBLIC limited company engaged in the generation and distribution of power had its business acquired by the Government in June 1999. Certain items of plant and machinery used by the company in its business were taken over by the Government at a price w hich resulted in the company realising a surplus of Rs 26,60,000 over its written-down value. The compensation was received by the company in April 2000, which was accepted by it under protest. The company proceeded to initiate arbitration proceedings un der law and was granted an additional compensation of Rs 16 lakh. This was decided by the arbitrators in December 2000 and received by the company in March 2001.

Too much for two topics -- II
THE following documents are required for enjoying Cenvat credit:


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