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Income Tax - Highlights / Catch Notes

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Exemption u/s 10(23G) in respect of the liquidated damages - ...


Exemption Allowed for Liquidated Damages as Interest u/s 10(23G) of Income Tax Act for Infrastructure Financing.

March 7, 2019

Case Laws     Income Tax     HC

Exemption u/s 10(23G) in respect of the liquidated damages - interest income earned from long term finance provided to enterprises undertaking developing, maintaining and operating infrastructure facilities - the liquidated damages constitutes interest - benefit of exemption allowed.

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