Disallowance of assessee’s claim in respect of its liquidated ...

Revenue's Disallowance of Liquidated Damages Overturned; Damages Recognized as Valid Expenditure for Assessee.

December 5, 2015

Case Laws Income Tax AT

Disallowance of assessee’s claim in respect of its liquidated damages - Revenue argument that these liquidated damages are only in the nature of a provision is unacceptable - allowed as expenditure - AT

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Disallowance of assessee’s claim in respect of its liquidated ...

Revenue's Disallowance of Liquidated Damages Overturned; Damages Recognized as Valid Expenditure for Assessee.

December 5, 2015

Case Laws Income Tax AT

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