TIOL-DDT 1561 · Friday, 4 March 2011 · story 6 of 7

DDT's Blunder

IN yesterday's DDT, under the caption, Authorized Service Station – Tax Base Changes – Definition Remains , we pointed out that the definition of "authorized service station" is retained under Section 65(9) while the concept of service station has been changed under the new clause ( zo ). A keen observer pointed out that the clause 65(9) is proposed to be deleted by Clause 71 (A)(1) of the Finance Bill 2011. So our report is totally wrong. This is highly irresponsible reporting and DDT deeply regrets the lapse and tenders its unconditional apology without any excuses.