9911796707
TMI Blog2023 (12) TMI 985X X X X Extracts X X X X X X X X Extracts X X X X ..... tent of the provisions made in the preceding AY - CIT(A) found that the respondent/assessee had to make supplies to BSNL and MTNL. Since, there was a delay in making the supplies, liquidated damages were adjusted by the said entities against the invoices raised by the respondent/assessee - HELD THAT:- The Tribunal, was not impressed with the arguments advanced on behalf of the appellant/revenue, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1. This is an application moved on behalf of the appellant/revenue seeking condonation of delay in re-filing the appeal. 1.1 According to the appellant/revenue, there is a delay of 430 days in refiling the appeal. 2. Although the period of delay is large, we are inclined to condone the same as we intend to decide the appeal on merits. 3. It is ordered accordingly. 4. The aforesaid app ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e claimed deduction of liquidated damages, albeit on actual basis of an amount equivalent to Rs. 4,37,36,387/-. This amount included the sum referred to hereinabove which was provided as liquidated damages in the preceding AY i.e., Rs. 3,87,12,148/-, and Rs. 50,24,239/- which was additional compensation that the respondent/assessee had to pay towards the liquidated damages in the period in issue. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , liquidated damages were adjusted by the said entities against the invoices raised by the respondent/assessee. 14. These finding of facts are recorded by the CIT(A) in his order dated 28.03.2018. The CIT(A) has given the details of purchase orders, the value of the invoices, and the liquidated damages deducted by BSNL and MTNL against each of the purchase orders. 15. The tabulated informati ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
