1999 (7) TMI 44 - HC - Income Tax

Summary

The High Court of Bombay remitted a case back to the Tribunal for fresh consideration regarding the deduction of damages under section 14B of the Employees' Provident Funds Act, 1952, based on Supreme Court decisions. The controversy involves determining the proportion of penal and compensatory elements in the damages. The reference was disposed of with no order as to costs.