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2012 (8) TMI 811 - SC - Income TaxDeduction for expenses incurred to earn amounts which are exempted from tax - Held that:- As Kolkata High Court on the interpretation of Section 14A said that no substantial question of law arises in this case as there is no judgment of the Kolkata High Court on 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.
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