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Embarrassing code

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Business Standard New Delhi
Last Updated : Jan 20 2013 | 12:15 AM IST

That the new direct taxes code is proving embarrassing for the government is obvious, it’s just that one didn’t realise the government felt the same way as well. At one point the code says, “A business shall be distinct and separate from another business if there is no interlacing, inter-dependence or unity ‘embarrassing’ the two businesses.” Now that’s embarrassing.

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First Published: Oct 27 2009 | 12:59 AM IST

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