November 12, 1981

The leader of an Israeli parliamentary delegation sent here to argue against a Saudi Arabian peace plan said unexpectedly today that the Saudis had gone ''a little way in our direction,'' though they were still ''a long way'' from becoming part of the Middle East peace process. The comments by Moshe Arens, the head of the Israeli Parliament's Foreign Affairs Committee, differed sharply from the position taken by Prime Minister Menachem Begin. Mr. Begin has called the eight-point plan put forward by Crown Prince Fahd in August a ''liquidation formula'' aimed against Israel. In formally announcing to Parliament on Nov. 2 his intention to send the delegation led by Mr. Arens to the United States, Mr. Begin said: ''Those eight points cannot serve as any basis for any discussion whatsoever. They are rejected from start to finish.''

A caption in the Business People col- umn of Business Day on Wednesday incorrectly identified the executive pictured. He is Robert G. Vandemark, vice chairman of Garfinckel, Brooks Brothers, Miller & Rhoads Inc.

Today was Nov. 11 and all across Poland the redand-white flags were flying in the cold autumn breeze. The graves of beloved war heroes were piled high with flowers. In downtown Warsaw, President Henryk Jablonski laid a wreath at the Tomb of the Unknown Soldier. Mr. Jablonski, a white-haired man accustomed to the walk past an honor guard with fixed bayonets, has performed the ceremony countless times - but never on Nov. 11. Nation's Modern Rebirth Marked For the first time since Communism came to power more than three decades ago - in fact, for the first time since the German invasion in 1939 - Poland marked the anniversary of its rebirth as an independent country at the end of World War I. Indirectly, today's event also honored the memory of Marshal Jozef Pilsudski, the nationalist military leader who led Poland to independence in 1918 and headed an authoritarian military regime from 1926 until his death in 1935.

Corporations seeking to reduce their tax bills are rushing to meet tomorrow's deadline for completing special tax leasing deals that could cost the Treasury billions of dollars in lost revenue. The benefits, part of the Administration tax program approved by Congress in August, permit money-losing corporations with tax credits and depreciation deductions they cannot use, in effect, to sell them to profitable companies seeking tax shelters. Tomorrow midnight is the deadline for trading tax benefits related to equipment that was purchased between Jan. 1 and Aug. 13 of this year. To transfer the benefits, the previously purchased equipment must be ''sold'' to a company willing to pay cash for the tax benefits and then lease the equipment back to the original owner using the equipment. In fact, the sale is for tax purposes only. The company using the equipment retains title and possession. After tomorrow, such deals can be entered into only for newly purchased equipment.

This time it was a question of both love and money. New York City's Commission on Human Rights has come down on the side of love. In a ruling earlier this week, the commission found that it was a form of marital discrimination for a landlord to require a higher rent when the lover of a lease-holding tenant moved into the partner's apartment.