Tuesday, February 16, 2010

S. 14A, Rule 8D & Daga Capital: Bombay High Court to hear arguments

S. 14A, Rule 8D & Daga Capital: Bombay High Court to hear arguments

As earlier intimated to you, Writ Petition bearing No. 50 of 2010 (Indian Exporters Grievances Forum & Other vs. CIT) challenging the constitutional validity of Rule 8D has been admitted on 12.1.2010 by Hon'ble Shri Justice Dr. D.Y. Chandrachud and Hon'ble Shri Justice J.P. Devadhar of the Bombay High Court.

The said matter including appeals relating to section 14A which were fixed for final hearing on 15.2.2010 have been adjourned to 23.3.2010.

All those having matters relating to interpretation of section 14A which are pending before the High Court are requested to give the Appeal Nos. to the Associate for grouping matters.

For a round up of the law on s. 14A see Temporary reprieve from Daga Capital. See also: New Rule 8D – A lesson in tight rope walking?

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