Area Based Exemption shows uneven employment outcomes; recommends verification of registrations and probe of dummy units.
Area Based Exemption incentives produced higher employment yields in Jammu & Kashmir and Himachal Pradesh but not in Uttrakhand; the note recommends verifying employee numbers through Provident Fund and Employee State Insurance registrations, investigating dummy units in incentivised areas, and determining reasons for Uttrakhand's lower employment generation to prevent misuse and correct data inaccuracies.

Tax evasion investigations after department surveys uncover admissions and ongoing probes may detect further undisclosed income.
The Income Tax Department conducted surveys at multiple coaching institutes, placement agencies, air services institutes and foreign education placement agencies in Delhi and Mumbai to collect evidentiary material; several entities admitted tax evasion and further investigations and detections are ongoing.

Service tax corrigenda correct exemption wording for technology incubators and fix subparagraph reference for diplomatic mission exemptions.
Corrigenda amend prior tax notifications: Service Tax corrections replace wording to read "previous financial year" in an exemption for services to Technology Business Incubators, STEP, NSTEDB and the Department of Science and Technology, and correct a sub paragraph reference from "(i)" to "(ii)" in an exemption for services used by foreign diplomatic missions and consular posts. A Central Excise corrigendum is also referenced but not substantively described in the supplied text.

Cost Inflation Index updated to adjust indexed cost for capital gains under the income-tax provision.
Cost Inflation Index specified as 551 for the financial year 2007-08 to determine indexed cost for capital gains, fixed under the Explanation to the income-tax provision on the basis of seventy-five per cent of the average rise in the Consumer Price Index for urban non-manual employees, and inserted into the official notification table by amendment.