Whether liquidated damages were entitled to the exemption under ...
High Court Confirms Liquidated Damages Qualify as "Interest" u/s 2(28A), Exempt u/s 10(23G) Income Tax Act.
March 12, 2016
Case Laws Income Tax HC
Whether liquidated damages were entitled to the exemption under Section 10(23G) of the Act inter alia as such liquidated damages fell within the definition of “interest” in Section 2(28A) of the Act? - Held Yes - HC
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