| Tuesday, September 22, 2009 |
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1. M/S DEEKSHA HOLDING LTD (Delhi High Court) [Related to section 271 (1)(c)] Concealment Penalty: ITAT Order as affirmed by High Court on Principles and Facts: No penalty merely for expense not found incurred for BUSINESS purpose if genuineness undoubted.
2. RAMPUR ENGINEERING CO. LTD. (Delhi High Court) Accrual of expense arising from Arbitral award:Arises when same made rule of Court.
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Thanks for your valuable time
"Voice of CA" CA. Kapil Goel, Moderator-Direct Taxes, Mob:9910272806, cakapilgoel@gmail.com CA. Sidharth Jain, Co-Moderator, Mob: 9810418700, sidhjasso@yahoo.com CA. Mukesh K Bansal, Co-Moderator-FEMA, mkak@rediffmail.com
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