Liquidated damage received/receivable - deduction u/s 80IA - ...

Liquidated damages not linked to profits; no deduction u/s 80IA of the Income Tax Act for assessee.

September 15, 2017

Case Laws Income Tax AT

Liquidated damage received/receivable - deduction u/s 80IA - there is no direct nexus between the profit and gains of the undertaking and the receipt from liquidated damages, and thus, assessee is not eligible for deduction u/s 80IA

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Liquidated damage received/receivable - deduction u/s 80IA - ...

Liquidated damages not linked to profits; no deduction u/s 80IA of the Income Tax Act for assessee.

September 15, 2017

Case Laws Income Tax AT

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