| Friday, September 25, 2009 |
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1. Feedback Ventures (Delhi High Court) [Related to section 14A] Under Section 14A direct or indirect expenses relating to earning of exempt income is disallowable.
2. Kuber Floritech (Delhi High Court) [Related to section 68] DHC in context of addition of share capital u/s 68 of the Act, affirming Delhi ITAT order relying on SC ruling in Lovely exports case.
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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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