2012 (8) TMI 811

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..... the interpretation, thus as Section 14A has been introduced in the Act to say that expenses incurred to earn the amount, which is exempted from tax, would not be entitled to a deduction he matter is remitted to the High Court for de-novo consideration in accordance with law. - Civil Appeal No. 5999 OF 2012 (Arising out of S.L.P. (C) No.26374 of 2008) - - - Dated:- 23-8-2012 - Madan B. Lokur And .....

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..... tion 14A of the Act. Section 14A has been introduced in the Act to say that expenses incurred to earn the amount, which is exempted from tax, would not be entitled to a deduction. This point has not been considered in the impugned judgment of the Kolkata High Court. In fact, the impugned judgment only refers to minutes of the order. In the circumstances, the said minutes are set aside and th .....

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