Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV
Cloud Expo & Virtualization 2009 East
PLATINUM SPONSORS:
IBM
Smarter Business Solutions Through Dynamic Infrastructure
IBM
Smarter Insights: How the CIO Becomes a Hero Again
Microsoft
Windows Azure
GOLD SPONSORS:
Appsense
Why VDI?
CA
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
ExactTarget
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun
Sun's Incubation Platform: Helping Startups Serve the Enterprise
POWER PANELS:
Cloud Computing & Enterprise IT: Cost & Operational Benefits
How and Why is a Flexible IT Infrastructure the Key To the Future?
Click For 2008 West
Event Webcasts
Danbel Industries Corporation: Re-Assessment of Tax Returns for 2004 to 2009

TORONTO, ONTARIO -- (Marketwire) -- 11/28/12 -- Danbel Ventures Inc. ("Danbel" or the "Company") announces that Canada Revenue Agency ("CRA") has issued Notices of Re-Assessment relating to the Company's corporate tax returns for the taxation years ending December 31, 2004 to and including December 31, 2009 and Ministry of Revenue (Ontario) has issued Notices of Re-Assessment relating to the Company's taxation years ending December 31, 2004 to and including December 31, 2009.

CRA denied the amended amounts requested by the Company for increase to non-capital loss of $175,000 (2004), $300,000 (2005), $300,000 (2006), $351,693 (2007), $373,736 (2008) and $418,585 (2009); disallowed expense amounts for interest and bank charges of $333,693 (2004), $373,736 (2005), $418,585 (2006), $468,815 (2007), $525,072 (2008), $588,081 (2009), and for general and administrative expenses of $13,500 (2009); and disallowed January 1, 2004 opening non-capital loss amount of $1,935,343 and January 1, 2009 opening non-capital loss amount of $2,230,764. As a result, CRA claims revised taxable income of $167,657 (2004), $297,932 (2005), $300,000 (2006), $351,693 (2007), $373,716 (2008) and $418,585 (2009), and the aggregate sum of $715,998.97 payable for Federal income taxes, penalties and assessment interest; and Ministry of Revenue (Ontario) claims the aggregate sum of $363,548 payable for income taxes, penalties and assessment interest.

Danbel disputes the re-assessments on the basis that CRA was not in possession of all pertinent documents in making its decision and Danbel intends to file Notices of Objection with CRA within the prescribed time period. The Company believes that once CRA examines various documents which were not in its possession during the audit, the Notices of Re-assessment will be reversed and all taxes, penalties and interest will also be reversed.

Danbel continues to seek opportunities to acquire an operating business or complete a transaction and, if so, Danbel intends to make an application to list its shares on a stock exchange. There is no assurance that the Company will be successful in these endeavours.

Shares Outstanding: 667,716

Contacts:
Danbel Ventures Inc.
Mr. Barry Polisuk
Director
416-869-1234

About Marketwired .
Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Cloud Developer Stories
While DevOps promises a better and tighter integration among an organization’s development and operation teams and transforms an application life cycle into a continual deployment, Chef and Azure together provides a speedy, cost-effective and highly scalable vehicle for realizing...
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed....
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PS...
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline bagga...
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business in 2016. However, IoT is far more complex than most firms expected. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, a renowned visionary and...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021



SYS-CON Featured Whitepapers
ADS BY GOOGLE